03.06.2015 - United Technologies is likely to resume growth

The stock price of United Technologies is trying to gain a foothold beyond the local downtrend channel. Currently quotes show the strong growth and in the near future, most likely, will reach the psychologically important level of 120.00. In case of overcoming this level, the price will likely continue to rise to the level of 124,00. On the other hand, a drop in prices in the nearest future is possible to the strong support level at 112.80. We expect the price growth in the near future, but we recommend to wait for a confirmation of the signal to buy.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.