$TXT with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $TXT after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 66.67%.
0.10%
4.39USD
861MUSD
12.869BUSD
196.91M
About Textron Inc.
Sector
Industry
CEO
Scott C. Donnelly
Website
Headquarters
Providence
Employees (FY)
34K
Founded
1923
ISIN
US8832031012
Textron, Inc. is a multi-industry company, which leverages a global network of aircraft, defense, industrial, and finance businesses to provide customers innovative solutions and services. The company operates its business through the following segments: Textron Aviation, Bell, Textron Systems, Industrial, and Textron eAviation. The Textron Aviation segment manufactures, sells, and services Beechcraft and Cessna aircraft. The Bell segment supplies military and commercial helicopters, tiltrotor aircraft, and related spare parts. The Textron Systems segment product lines consist of unmanned aircraft systems, land and marine systems, weapons and sensors, and a variety of defense and aviation mission support products and services. The Industrial segment designs and manufactures a variety of products under the Golf, Turf Care and Light Transportation Vehicles, Fuel Systems and Functional Components and Powered Tools, and Testing and Measurement Equipment product lines. The Textron eAviation segment covers pipistrel along with other research and development initiatives related to sustainable aviation solutions. The company was founded by Royal Little in 1923 and is headquartered in Providence, RI.
WATCH $TXTBearish
Fundamental
- Funds distributing
- Strong industry / not leader
- Weak earning moving forward
- Weak rs rating
TA
- Bearish momentum divergence
- Price broke down trendline
- Price broke down neckline
- High volume node resistance
20/5/2022 NYSE (TXT)Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $62.66
Target Price: $61.38
Stop Loss: $63.94
$TXT with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $TXT after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 60%.
TXT SHORTOPEN Short position, a goal first 65 and next 60.
Sing of weakness and re-test 70$, yesterday open first position
No CorrectionThe upward correction has not taken place. Instead the downtrend has been confirmed and got new dynamics. In a first step I expect another test of yesterday's low.
Window to be ClosedWe have opened a broad window after the holiday and fell a pretty stair down. The window is waiting to be closed within the next2 days or so. As the uptrend is intact we may rise further the as well.
$TXT LOOKING STRONGTXT is looking good for a nice upward trend. Strong volume today and indicators all positive. Enjoy.
$TXT Nice Large Base$TXT is back at it. Back in July, it put in a double bottom , broke out but didn't make much progress.
It is now putting another base and looking very interesting. $74.40 (red dotted line) is ATHs from back in 2008. So this potentially could trigger a major new up cycle
$TXT 2 Months Base$TXT is in the same industry as $RADA (Aerospace & Defense) also setting up a nice 2 months base. $70 is the level to watch but be aware that $73 -$74 area has been a major top for the stock twice before back in late 2007 and 2018
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