Textron's 50-day moving average just crossed 200-day moving average signaling a bullish trend. Check stockcharts website for Galleryview on TXT for both daily and weekly charts. That site signals ascending triple top for TXT whichnis very bullish.
Investor Business Daily methodology also signals that TXT has had its double dip and developing a pan handle pattern for a big breakout. Fighting here to close above 28.89 but as soon as it does, TXT is ready to move higher.
Queenie, I believe you this time. We are closing above 28.89, may be today. I did my part and added another 500 today coz' a breakout here gives me an easy $13 up to $42 sometime this year. Your stockchart thinks Textron is going to $53.50.
Technical Breakout Only if we close above ( not at) 28.89. Right now, some futile resistance from bears here to keep it below 28.89. With Textron authorizing 25 million share purchase, shorts will be chewed up trying ti fight the breakout.