When the Price of Textron Inc. $TXT Talks, People Listen

November 18, 2023, 04:00 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TXT

• Buy TXT slightly over 74.8 target 80.76 stop loss @ 74.58 Details

The technical summary data tells us to buy TXT near 74.8 with an upside target of 80.76. This data also tells us to set a stop loss @ 74.58 to protect against excessive loss in case the stock begins to move against the trade. 74.8 is the first level of support below 77.4 , and by rule, any test of support is a buy signal. In this case, support 74.8 is being tested, a buy signal would exist.

• Short TXT slightly under 80.76, target 74.8, stop loss @ 80.99 Details

The technical summary data is suggesting a short of TXT as it gets near 80.76 with a downside target of 74.8. We should have a stop loss in place at 80.99though. 80.76 is the first level of resistance above 77.4, and by rule, any test of resistance is a short signal. In this case, if resistance 80.76 is being tested, a short signal would exist.

Swing Trading Plans for TXT

• Buy TXT slightly over 77.65, target 80.76, Stop Loss @ 77.43 Details

If 77.65 begins to break higher, the technical summary data tells us to buy TXT just slightly over 77.65, with an upside target of 80.76. The data also tells us to set a stop loss @ 77.43 in case the stock turns against the trade. 77.65 is the first level of resistance above 77.4, and by rule, any break above resistance is a buy signal. In this case, 77.65, 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 TXT slightly near 77.65, target 75.65, Stop Loss @ 77.87. Details

The technical summary data is suggesting a short of TXT if it tests 77.65 with a downside target of 75.65. We should have a stop loss in place at 77.87 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, 77.65, 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 TXT

• Buy TXT slightly over 77.65, target 78.23, Stop Loss @ 77.47 Details

If 77.65 begins to break higher, the technical summary data tells us to buy TXT just slightly over 77.65, with an upside target of 78.23. The data also tells us to set a stop loss @ 77.47 in case the stock turns against the trade. 77.65 is the first level of resistance above 77.4, and by rule, any break above resistance is a buy signal. In this case, 77.65, 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 TXT slightly near 77.65, target 77.2, Stop Loss @ 77.83. Details

The technical summary data is suggesting a short of TXT if it tests 77.65 with a downside target of 77.2. We should have a stop loss in place at 77.83 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, 77.65, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Textron Inc. (TXT) available here: TXT.

TXT Ratings for November 18:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	68.97
P2	77.2	75.65	74.8
P3	78.23	77.65	80.76

AI Generated Signals for TXT

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Textron Inc. (NYSE: TXT) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for TXT can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.