Textron is sitting on the December 2018 low and also near its trend line. If the general market decline pulls this below the trend line it could fall significantly. I would expect the support line to hold and yield a decent return over time.
Textron produced a solid 15.85% earnings surprise and the stock rallied but the bears and profit takers formed a shooting star doji. I imagine that 7% gain was just too much for one day, so we'll have to settle for 4% and watch to see if a trend sets in to hammer back out the remaining 3% from today's high. They didn't seem to enjoy a Q1 2019 rally like most of...
Consecutive down days with inside day hammer on high volume sitting on poc support ma's converged hourly side trap reversing with e.o.d volume surge looks good could well be breaking out to new highs soon
Textron Inc. is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services across the world. The Company operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. The Textron Aviation segment is engaged in general aviation. The Bell segment supplies military helicopters and support to the United States Government and to military customers outside the United States. The Textron Systems segment is a supplier to the defense, aerospace and general aviation markets. The Industrial segment designs and manufactures a range of products within three product lines: fuel systems and functional components, and specialized vehicles and equipment. The Finance segment is a commercial finance business that consists of Textron Financial Corporation (TFC) and its subsidiaries.
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