The charts of Raytheon Technologies (RTX) looked bullish back on October 7 when we recommended that "Traders could go long RTX at current levels risking to $85. Our first price target is $106." Prices improved for a little after our review but then turned lower in November. A low was not seen until early December and now prices are back up around the October/November zenith.
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Look for more positioning on Tuesday ahead of two important economic reports.
The stock just tested the underside of the declining 50-day moving average.