TXT | Multiple BreakoutsLet's ride the bullish trend confirmed by multiple breakoutsLongby TradeTrio2
Will Textron Take Off in the New Year?Textron has pushed old highs since the summer, and some traders may see potential for further upside. The first pattern on today’s chart is the $74.81 level, the highest weekly close in the first half. Strong earnings drove the aerospace stock above that level in late July. It tested that price area each of the next four months, and kept closing above it. Has old resistance become new support? TXT next troughed around $75.70 on December 8. That higher weekly low may suggest bulls are gaining the upper hand. The stock then proceeded to break a falling trendline that began in mid-October. MACD has additionally turned up. Those points could mean the shorter-term trend is getting more bullish. Turning to the longer-term, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA in August. Also notice how TXT has followed its 100-day SMA. Finally, the stock is inching toward its high early last year. That could increase the odds of a breakout. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures or cryptocurrencies); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and a futures commission merchant licensed with the Commodity Futures Trading Commission (“CFTC”). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association (“NFA”), and a number of exchanges. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services under federal and state money services business/money-transmitter and similar registrations and licenses. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a member of NFA. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.by TradeStation12
TXT - 5 months RECTANGLE + 18 months SYMMETRICAL TRIANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.Longby TheArtOfCharting2
$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%. by EPSMomentum2
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 Shortby nexxtrade1
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: $63.94Shortby Airecap_HyperUpdated 0
$TXT with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $TXT after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 60%. by EPSMomentum0
TXT SHORTOPEN Short position, a goal first 65 and next 60. Sing of weakness and re-test 70$, yesterday open first position Shortby MaksymKonstantynov0
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. Shortby motleifaulUpdated 0
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.Longby motleifaulUpdated 1
$TXT LOOKING STRONGTXT is looking good for a nice upward trend. Strong volume today and indicators all positive. Enjoy.Longby mattisbaseball0
$TXT Nice Large Base$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 cycleLongby TaPlot111
$TXT 2 Months Base$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 2018Longby TaPlot0
Textron Inc. (TXT)The company is structured as a conglomerate and through its subsidiaries is active in the defense, aerospace and security sectors. Corporate demand is still down compared to the previous year, but leisure travel in small jets has more than offset the business travel decline. Military segments is more interesting, these units maintained profitability. Plus, demand for the V-22 vertical lift aircraft remains a priority for the military. The Company has good cash roughly $2.15 billion on the balance sheet: are an acquisition or share-repurchase program in-sight? Future Vertical Lift (FVL) www.bellflight.com Net profit 2020: 475 mil. Net profit 2021 est: 625 mil. Total debt: 4.3 B.Longby mgiuliani111
TEXTRON Plan DailyHey guys, TEXTRON is in a bullish movement with low buy volume and a bullish hammer candle. On the TIMEFRAME 1 Min we see a collapse of the price but it is to start on a last low precedent and return to its rise. It is plausible that it is heading for the next high and if the buyers are still in the game. We can go to the high point that comes after, which corresponds to half of the median. Please LIKE & FOLLOW, thank you!Shortby stephanelibatd0
Textron Inc (TXT - US) ABC wave pattern Textron Inc (TXT - US) is moving down in ABC zigzag down wave pattern. B wave is complex flat pattern. C wave already started down with impulse down. Wait for pull back to get into trade for C down.Shortby EWFcwUpdated 664
TXT Bullish Swing tradeCheck out the chart and let me know what you think. Earnings weren't great (AS EXPECTED) but with businesses opening back up I fully expect a good retrace here. Happy Thursday! Cheers!Longby whitejade115
Textron Earnings PrepTXT is scheduled to release earnings this week. Textron had a great year of releasing new models and receiving new orders. Their used aircraft sales continues to be some of the largest in the industry. Although there was an accident in a factory this last quarter optimism for the company i believe remains strong. Longby AirMarketGroup4
Textron No clear path currently. a lot of Consolidation inside of trading range and market is entering a bottle neck. Wait for confirmation prior to entering any positions to mitigate loss potential by Whereishakar5
TXT near major support. 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. by Harry_Hood1
Textron Earnings, More Rallying and Trend ReversalTextron 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 the rest of the market, so I've been watching them to see the signs of a trend reversal and their turn to run. Textron owns many aerospace brands, including Cessna, Beechcraft, Bell Helicopter, and others. MACD is showing a move in the positive direction with a sharp uptick on the histogram indicating that another day or two of rallying will have it break fully positive. RSI is rising but not yet in overbought territory, and DM- just dropped below a low ADX that's characteristic of a trend reversing on the market processing new information. The fainter hearted investors may want to wait for more confirmation, but don't wait too long and let this reversal pass you by too quickly.Longby chuckinationUpdated 1