RYTT34 trade ideas

CrookedTREE_FINTECH

With a price target of $77, RTX has a hurdle to cross during the earnings season. Indicators are telling a buy with decent symmetry. Earnings season is near, and will the company C4ISR contracts pull it over the hurdle....

Chada456

broke support trend, Fib levels has potential to $53 or lower. RSI still neutral, MACD cross recently too

Essendy

Couple bearish patterns here triggered on the $62.00-$62.50 break. Head & shoulders on daily. 3 bar play on weekly. Pink line is target.

InvestorSpeed

The decline slopes are decreasing in downward slope angle. Sentiment in selling off fast is decreasing. Two directions fill up the gap at 50-55 or trend back up in the channel. I predict that it will trend inside the channel due to all the contracts being awarded and that we will get out of this pandemic in a better position. Plus people invest forward looking.

Option_Traders

bear flagging right over trendline, watch for that to crack to enter puts

IMF_Trading

$RTX Target short was 58. Bounced at $59 Gap filled back to $62.89 Bottom support now is $60.02 for a potential long idea

CrookedTREE_FINTECH

Looking like it could be a decent look for RTX before earnings. Many deals...big deals in the C4ISR realm for Pentagon.

Essendy

H&S target still remains at the pink line.

herouxma7000

Now, decided to write cash and considering it again around end of July

Trader4Life77

The price is forming a very well know reversal pattern, Head and Shoulders (H&S), and after the confirmation of braking the neckline of 61 usd, the price may go down to 50-52 usd, fill in the gap at 52 usd from the first week of April. Stay safe!

Nofzke

Raytheon just broke through a Head and Shoulder formation. When the stock price reaches 63.65USD again the price might drop even further. And you would have a good Chance/Risk ratio.

TroutHouse

62.36 is the support from 5/26. If it drops past there isn't much support until 60. We've opened a short to play this gap. The sell volume has also been decent these past few weeks which makes confident the decline is sustainable.

Essendy

Break of the blue line gets it to the pink line pretty quickly, imo.

NotIButChrist

I seen the executive president of DDTG global global global grab some RTX so I checked the chart. Thought I spotted a bullish cypher, and measurements line up. I think Davey is a little early on the long. My play will be a scalp short of the break of (B) for a position reverse at the multi level confluence (D) point (entry long). Typically the take profit long...

IMF_Trading

$RTX I want to be bullish because of all the military chatter happening with china and the middle east. Watching the potential H/S pattern on this tho.

CrookedTREE_FINTECH

RTX and LMT may help a 50% fib trade in a few days

WadeYendall Updated 

Long entry above box. Trade dead if price falls below box.

daynejah

Sharing my RTX short play for the week and possible entry for Long play. Any feedback would be awesome. Mahalo I do like RTX as a long play as well after merging with united technologies. The products they provide in aerospace, drones and defense systems will play a role in the future imo. beat earnings last 4 quarters est eps for Q2 2020 much lower @ .36...