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Monday, April 23, 2012

United Technologies Corp (UTX) - Technical Analysis. 2012.04.23

The last six months in the United Technologies Corp created a bullish trend but the short term trend is bearish (last few weeks) and the T1 trend line acts as a support for the price.

The $81.50 level is a resistance set by the previous local lows (at the beginning ant at the end of March) and an eventual break below the T1 trend line will give a selling signal for the investors.


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