Popular sector as of late but this sector is pulling back today.
Cup and handle targets are calculated using the depth of the cup and fib levels and added to the long entry level. I use the .386, .618 and .786 for targets one. The handle is an area of consolidation and ideally it should be located above mid cup.
RTX is in a channel up and unless the bottom green trendline fails to catch price, it is support. A channel occurs when price is trending up or down and price fits inside 2 parallel trendlines. If price breaks the upper trendline in an uptrend, it will either pull back to the interior of the trendlines or make a break to the upside. RTX pulled back to the interior of the bands. If price breaks the bottom trendline in an uptrend then it is time to move on a stop if often placed below the bottom trendline. Price should have at least 2 touches to each trendline.
Earnings 4-25 and earnings history is nothing to be excited about so I will sell this before earnings .
No recommendation.
Raytheon Technologies Corporation , an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations. This segment also designs, produces, and supports cabin interior, communications and aviation systems, oxygen systems, food and beverage preparation, storage and galley systems, and lavatory and wastewater management systems; airborne intelligence, surveillance and reconnaissance systems, test and training range systems, crew escape systems, and simulation and training solutions; information management services; and aftermarket services that include spare parts, overhaul and repair, engineering and technical support, training and fleet management solutions, and information management services. The Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers; and produces, sells, and services military and commercial auxiliary power units. The Raytheon Intelligence & Space segment develops and provides integrated space, communication, and sensor systems for missions, training, and cyber and software solutions to intelligence, defense, federal, and commercial customers. The Raytheon Missiles & Defense segment designs, develops, produces, and sustains integrated air and missile defense systems; defensive and combat solutions; land- and sea-based radars; command, control, communications, and intelligence solutions; and naval and undersea sensor solutions for the U.S. and foreign government customers. The company is headquartered in Waltham, Massachusetts.
EPS ( FWD )
4.81
PE ( FWD )
20.30
Div Rate ( FWD )
$2.04
Yield ( FWD )
2.09%
Short Interest
1.04%
Market Cap
$143.92B
Volume
4,066,232
Disclaimer
Cup and handle targets are calculated using the depth of the cup and fib levels and added to the long entry level. I use the .386, .618 and .786 for targets one. The handle is an area of consolidation and ideally it should be located above mid cup.
RTX is in a channel up and unless the bottom green trendline fails to catch price, it is support. A channel occurs when price is trending up or down and price fits inside 2 parallel trendlines. If price breaks the upper trendline in an uptrend, it will either pull back to the interior of the trendlines or make a break to the upside. RTX pulled back to the interior of the bands. If price breaks the bottom trendline in an uptrend then it is time to move on a stop if often placed below the bottom trendline. Price should have at least 2 touches to each trendline.
Earnings 4-25 and earnings history is nothing to be excited about so I will sell this before earnings .
No recommendation.
Raytheon Technologies Corporation , an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations. This segment also designs, produces, and supports cabin interior, communications and aviation systems, oxygen systems, food and beverage preparation, storage and galley systems, and lavatory and wastewater management systems; airborne intelligence, surveillance and reconnaissance systems, test and training range systems, crew escape systems, and simulation and training solutions; information management services; and aftermarket services that include spare parts, overhaul and repair, engineering and technical support, training and fleet management solutions, and information management services. The Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers; and produces, sells, and services military and commercial auxiliary power units. The Raytheon Intelligence & Space segment develops and provides integrated space, communication, and sensor systems for missions, training, and cyber and software solutions to intelligence, defense, federal, and commercial customers. The Raytheon Missiles & Defense segment designs, develops, produces, and sustains integrated air and missile defense systems; defensive and combat solutions; land- and sea-based radars; command, control, communications, and intelligence solutions; and naval and undersea sensor solutions for the U.S. and foreign government customers. The company is headquartered in Waltham, Massachusetts.
EPS ( FWD )
4.81
PE ( FWD )
20.30
Div Rate ( FWD )
$2.04
Yield ( FWD )
2.09%
Short Interest
1.04%
Market Cap
$143.92B
Volume
4,066,232
Disclaimer
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.