So have you met our Chart Professor?
Bruce Kamich is a CMT (Chartered Market Technician) and our in-house technical analyst.
Plus he actually teaches this stuff to college kids.
So you're about to learn from the best.
Today, Kamich walks us through his thought process behind United Technologies (UTX) , which beat earnings expectations though the stock fell off the next day.
"The news is not important to a technical analyst, how the stock reacts is," he said.
So Kamich, who has written about UTX before on Real Money, pulls out his charts and explains where he stands on the stock right now.
Plus learn about on-balance volume (OBV), which is a momentum indicator, that uses volume flow to predict changes in stock price. Basically, big volume can move a stock even w/o a price change
And you've probably heard the term "moving average," but do you know what it is? (Hint: It's one of the most popular technical indicators, used to gauge the direction of the current trend, and it's calculated by averaging past data points.)
Kamich walked us through four different UTX charts but be sure to listen to our full conversation here for even more.
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