Way too expensive and dilutive ... concentrate on Cessna recovery ... hasn't mgmt learned anything from the disasterous overpaid acquisitions done by Lewis ("tank this stock") Campbell???
Focus on unlocking s/h value ... spin-off Bell, Systems and Cessna and INCREASE the F'ing DIVIDEND!!
Spikes, one way to look at support and resistance levels is to select a one year chart, go to chart settings menu and select line tupe as candlestick and cursor style as crosshair. As you move the cursor over the chart, you will notice the support and resistance levels. You can choose other durations for shorter term support, resistance if you are a day or week trader.
The immediate support is still at 25.10 and 25.34 (depending on duration) while the immediate resistance is at 26.51, 27.01 and 28. As you know, I am biased to look for upside here and am looking at ressitance levels on the way up and not concerned about support levels, given company's great earnings beat, its dividend increase potential (who knows when?), and reducing non-captive finance obligations. I also expect the company to raise its guidance sometime over the enxt 6 months.
Spikes, I have been around the trading world long enough and have observed many intrday breaches of support (just look at the charts).
As for manipulation, I forgot that you were a stickler for precision in language but I consider pre-arranged block purchases/sales including those with marketmakers as well as dark pools a "manipulation".
Lets see where it closes at close.
ok...your interruption of 'support' is not widely known on Wall Street but I'll give you the benefit of the doubt and report back at 4:00. And please, don't use 'manipulation' as a justification for being wrong. By using that tactic, you will always be right...which is totally nosense. cheers
Spikes, the eternal short" my friend! The day is not over yet. The definition of taking out a support is not any time during the day but at close for daily and at weekend for weekly charts. When that happens, I will believe the support is broken. For now, stock manipulation at a low volume is all what I see. After spectacular earnings, someone bought put options and is benefiting from the lack of interest in this stock. I think TXT management blew the call by neither announcing dividend increase nor raising guidance. Perhaps a stock buyback should be announced and it may indirectly through convertible notes and that will reduce the float and increases Earnings per share.
Watch the shorts taken out soon!
Mumbo posts..."The technical support is at $25.10 which this baby aint (sic) taking out"
Well, it just did like a hot knife through butter. Current price $24.95 and falling. It is often difficult to be right and so easy to be wrong. cheers
Mumbodude, be careful what you say. Anything can happen. You identified the technical resistance and support levels correctly but guaranteeing a certain price level is dangerous. Every time I express my positive conviction here, the shorts punish me by dumping the stock within minutes. Looks like, they are trying to takeout your $25.10 support level in a thinly traded environment. Until, TXT increases dividend, ups guidance, announces spinoff or stock buyback, its just trading range for this stock. Its heavily institutionally owned and anyone of them may be playing trading games to maximize their profit.
I stand by my $65 price target the year after next.
Hey "I like them broke w....." nice to know you are not short because someday shorts on TXT are going to see a 10 to 15 dollar upside in stock value in a week and they wouldn't know what slapped them. Being short is outright foolish on a company that has nothing but good news lately and healthy future prospects. Having said that, the short interest is quite substantial despite the great earnings news and that's what it takes to make the market. Short covering is probably what's going to take this stock beyond $26.50 and the $29 technical resistance. No matter the shorts, TXT aint ever going to hit 24 again within the next 5 years.
By the way, it aint "you-all". Its "yawl" in case you aint from around here. Go to Barnes&Noble ang get yourself " How to Speak Southern" book. Its far more interesting than staring at screen, hoping for this great stock to go down to 24. Aint happening. The technical support is at $25.10 which this baby aint taking out, given its outstanding last quarter earnings and reaffirmation of annual earnings forecast. What say you Queen or LuPune?