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Barchart
Barchart
Jim Van Meerten

RTX Stock Has Carved Out a New Price Floor and Is Headed Higher. The Chart Says More Gains Are Likely in Store.

RTX Barchart
  • RTX (RTX) shares have successfully carved out a robust, multi-week price floor, and now appear to have a higher trajectory.
  • The stock currently carries an 8% “Sell” overall technical opinion from Barchart, up from 56% a month ago. The trend is shifting up.
  • Near-term momentum indicators have turned sharply constructive, yet lack signs of an overstimulated price surge.
  • Having safely defended the $170 level on multiple occasions, the aerospace giant’s chart pattern represents a strong return/risk tradeoff.

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