Trading Raytheon Technologies Corp $RTX With Integrated Risk Controls

March 06, 2023, 16:17 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Raytheon Technologies Corp (NYSE: RTX) report below can help you, but we have more details too. The trading plans for RTX, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for RTX

• Buy RTX slightly over 95.30 target 102.48 stop loss @ 95.02 Details

The technical summary data tells us to buy RTX near 95.30 with an upside target of 102.48. This data also tells us to set a stop loss @ 95.02 to protect against excessive loss in case the stock begins to move against the trade. 95.30 is the first level of support below 99.51 , and by rule, any test of support is a buy signal. In this case, support 95.30 is being tested, a buy signal would exist.

• Short RTX slightly under 102.48, target 95.30, stop loss @ 102.78 Details

The technical summary data is suggesting a short of RTX as it gets near 102.48 with a downside target of 95.30. We should have a stop loss in place at 102.78though. 102.48 is the first level of resistance above 99.51, and by rule, any test of resistance is a short signal. In this case, if resistance 102.48 is being tested, a short signal would exist.

Swing Trading Plans for RTX

• Buy RTX slightly over 102.48, target n/a, Stop Loss @ 102.18 Details

If 102.48 begins to break higher, the technical summary data tells us to buy RTX just slightly over 102.48, with an upside target of n/a. The data also tells us to set a stop loss @ 102.18 in case the stock turns against the trade. 102.48 is the first level of resistance above 99.51, and by rule, any break above resistance is a buy signal. In this case, 102.48, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short RTX slightly near 102.48, target 98.96, Stop Loss @ 102.78. Details

The technical summary data is suggesting a short of RTX if it tests 102.48 with a downside target of 98.96. We should have a stop loss in place at 102.78 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 102.48, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for RTX

• Buy RTX slightly over 99.70, target 102.48, Stop Loss @ 99.47 Details

If 99.70 begins to break higher, the technical summary data tells us to buy RTX just slightly over 99.70, with an upside target of 102.48. The data also tells us to set a stop loss @ 99.47 in case the stock turns against the trade. 99.70 is the first level of resistance above 99.51, and by rule, any break above resistance is a buy signal. In this case, 99.70, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short RTX slightly near 99.70, target 98.96, Stop Loss @ 99.93. Details

The technical summary data is suggesting a short of RTX if it tests 99.70 with a downside target of 98.96. We should have a stop loss in place at 99.93 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 99.70, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

RTX Ratings for March 06:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	88.16
P2	98.51	97.29	95.30
P3	99.70	98.96	102.48

Support and Resistance Plot Chart for RTX

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