During Monday's Mad Money program, Jim Cramer pointed out a number of companies that were due to report earnings numbers on Tuesday including Raytheon Technologies (RTX) . The company beat expectations and the stock is lower on the day but that may be because of a weak "tape".
We looked at the charts of RTX on July 24 and wrote that, "The charts and indicators are not quite bang the table bullish but I am really impressed with the 10-year weekly chart and the Point and Figure price target. If RTX declines to the $55 area I think it will be a buying opportunity. Keep it on your shopping list."