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When Raytheon Technologies Corp (RTX) Moves Investors should Listen

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Raytheon Technologies Corp (NYSE: RTX) report below is a real world example. Included are trading plans for RTX, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports

Longer Term Trading Plans for RTX
  • Buy RTX slightly over 89.93 target 96.49 stop loss @ 89.67 Details
  • The technical summary data tells us to buy RTX near 89.93 with an upside target of 96.49. This data also tells us to set a stop loss @ 89.67 to protect against excessive loss in case the stock begins to move against the trade. 89.93 is the first level of support below 92.575 , and by rule, any test of support is a buy signal. In this case, support 89.93 would be being tested, so a buy signal would exist.

  • Short RTX under 96.49, target 89.93, stop loss @ 96.77 Details
  • The technical summary data is suggesting a short of RTX as it gets near 96.49 with a downside target of 89.93. We should have a stop loss in place at 96.77though. 96.49 is the first level of resistance above 92.575, and by rule, any test of resistance is a short signal. In this case, if resistance 96.49 is being tested, so a short signal would exist.

Swing Trading Plans for RTX
  • Buy RTX slightly over 96.49, target 103.00, Stop Loss @ 96.21 Details
  • If 96.49 begins to break higher, the technical summary data tells us to buy RTX just slightly over 96.49, with an upside target of 103.00. The data also tells us to set a stop loss @ 96.21 in case the stock turns against the trade. 96.49 is the first level of resistance above 92.575, and by rule, any break above resistance is a buy signal. In this case, 96.49, 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 near 96.49, target 92.28, Stop Loss @ 96.77. Details
  • The technical summary data is suggesting a short of RTX if it tests 96.49 with a downside target of 92.28. We should have a stop loss in place at 96.77 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, 96.49, 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 93.74, target 96.49, Stop Loss @ 93.52 Details
  • If 93.74 begins to break higher, the technical summary data tells us to buy RTX just slightly over 93.74, with an upside target of 96.49. The data also tells us to set a stop loss @ 93.52 in case the stock turns against the trade. 93.74 is the first level of resistance above 92.575, and by rule, any break above resistance is a buy signal. In this case, 93.74, 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 near 93.74, target 92.28, Stop Loss @ 93.96. Details
  • The technical summary data is suggesting a short of RTX if it tests 93.74 with a downside target of 92.28. We should have a stop loss in place at 93.96 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, 93.74, 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 June 23:

Term →Near Mid Long
Rating Weak Strong Strong
P1 0 0 89.93
P2 90.55 87.13 96.49
P3 93.74 92.28 103.00
Triggers may have already come
Support and Resistance Plot Chart for RTX

RTX Long Term Analysis for June 23 2022

Blue = Current Price
Red= Resistance
Green = Support

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