This play was inadvertently ommitted from the Daily. We wanted to make sure you got it for tomorrow!
UTX (United Technologies Corp--$79.65; +1.20; optionable (UTX)):
STATUS: The stock is in an ascending wedge pattern (high of 80.40) and is ready to make a breakout move on strong, above average volume (3.46 million; avg. 2 million), up for the second day from its 18 day MVA (51.80). Look for the breakout on continuing rising volume. The stock shows great money flow and high relative strength.
BUY POINT: 80.53, on continued rising volume (minimum breakout volume is 2.7 million). Remains a buy on the breakout up to 84.56.
POSITION: Stock and/or May $80 calls to buy (UTX EP).
http://www.investmenthouse.com/cd/utx.html
(Click to view the chart)
http://biz.yahoo.com/p/u/utx.html
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