Long Position on RTX @ $63.30 on 4/21/2020 (Momentum)

Raytheon Technologies Corporation (RTX), an aerospace and defense company, provides advanced systems and services for commercial, military, and government customers worldwide.

It operates through four segments: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense.

The Collins Aerospace Systems segment offers aerostructures, avionics, interiors, mechanical systems, mission systems, and power controls that serve customers in the commercial, regional, business aviation, and military sectors.

The Pratt & Whitney segment designs, manufactures, and services aircraft engines and auxiliary power systems for commercial, military, and business aircraft.

The Raytheon Intelligence & Space segment engages in developing various sensors, training, and cyber and software solutions.

The Raytheon Missiles & Defense segment provides various advanced end-to-end solutions to detect, track, and engage threats.

This stock reports earnings on May 7th.

This company recently merged with United Technologies on April 3, 2020.

Raytheon should see an increase in market trend as government stimulus funding comes in and its merger open new segments of the market.

Entry point: $63.30

52-week trade range: $43.44 - $2,398.85

Stop/Loss: $60.30

Target Price: $70.00

Updates

5/26/2020 12:41:00 PM

RTX closed at $65.

Position closed on 5/26/2020 at price of $65.00 with a 2.69% gain in 35 days.

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