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($80.86) set a multi-year high at $83.28 on May 17. The weekly chart is positive but overbought with the five-week MMA at $76.09. My semiannual value level is $76.63 on this hold rated aerospace stock with a weekly risky level at $82.66.
After I graduated from Georgia Tech in 1966, I worked at Grumman when the company was the largest employer on Long Island. As a "Grummanite" I was proud to have helped put man on the moon in 1969, and was thrilled when Grumman won the contract to design and build the F-14 Tom Cat.
($66.24) set a new multi-year high at $67.44 on Wednesday. The weekly chart is positive but overbought with the five-week MMA at $62.36. My annual value level is $64.74 with an annual risky level at $69.36.
($96.25) set a new multi-year high at $98.18 on Wednesday. The weekly chart is positive but overbought with the five-week MMA at $94.42. My semiannual value level is $94.43 with no risky levels. United Technologies is in the multi-sector conglomerate sector, but it must be included today for its Pratt & Whitney jet engines and for its Sikorsky Helicopters which include the Black Hawk.
At the time of publication the author held no positions in any of the stocks mentioned.
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.