RTX trade ideas
RTX Bullish 30day Long $85+NYSE:RTX
Since the merger with United Tech, RTX has made significant gains in its new share price. I agree with the Bulls assessment of RTX: Pratt & Whitney’s placement on the A320 family and A220 aircraft should substantially increase the company’s installed base of engines, which would unlock decades of high-margin servicing revenue. The firm’s missile and missile defense segment produces products that are prioritized by the National Defense Strategy, which should lead to consistent growth. Raytheon Technologies is well balanced between commercial aerospace and defense, which would partially insulate the combined firm from a downturn in either segment.”
Expecting a share price of over $85 in the next 30 days.
I have long positions in this stock.
Be effective and happy trading!
- Darell
New Raytheon Technologies - when resistance can become a floorWatch a break of 59 to confirm the inside week and up, where 59 / 60 resistance becomes the new floor for the future of Aerospace and Defense.
