RTN 1D - How Will a Merger with UTX Affect Price?

Currently, RTN ended the day with a downward momentum and is at the top of its trend range and reversing, as noted by the BB Fibo, Spectro Range and Murrey (not shown). The volume on Spectro O is showing volume moving upward just past the midpoint on its Murrey with plenty of room left to grow before it reaches the end of its potential range.

With the move toward merger with United Technologies (UTX) it will be interesting to see how newly combined asset performs as Raytheon Technologies, pending approval.

Analysis by AlchemistLA
NYSE:RTNNYSE:UTX