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United Technologies (UTX) in Focus: Stock Moves 5.4% Higher

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United Technologies CorporationUTX was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $102.06 to $113.90 in the past one-month time frame.

The upmove came after the company reported better-than-expected fourth-quarter 2018 results.

The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

United Technologies currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

United Technologies Corporation Price

United Technologies Corporation Price | United Technologies Corporation Quote

Investors interested in the Diversified Operations industry may consider a better-ranked stock like Hitachi Ltd. HTHIY , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

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Hitachi Ltd. (HTHIY): Free Stock Analysis Report

United Technologies Corporation (UTX): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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