United Technologies (UTX) Double Top

Shares of United Technologies (UTX) hit a major double top today and have started to pull back.

Shares of United Technologies (UTX) hit a major double top today and have started to pull back. A double top is major resistance for a stock and likely a shorting opportunity for swing traders (near-term). Downside support is $138.00 and could be achieved in days. Please be aware that if United Technologies breaks above $145, it goes to $150, so use a stop or better yet reverse the position long.

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