Technical Earnings Preview: United Technologies in uptrend before news
The shares have been trading in a bullish price channel, weekly basis, since later November of last year. If the news is bullish, price may continue within the channel bounds. First resistance of note would be at the 52-week high at $137.73 and then at the top of the channel at the $140 area. A breakout above the channel might establish a new price path that is more steeply-pitched than the current channel. If the news is a negative surprise, a drop below the $134 area would break the channel bottom which is also the uptrend support line. This would be technically negative for future price. Support levels to watch in that event as potential downside objectives are at $132.36, the $130 area, $128.49, and the $127.50 area. There is a significant band of support at the $126 area.