Bruce Kamich is TheStreet's in-house technical analyst with a 43 year career with a number of bulge bracket firms like Morgan Stanley, Smith Barney Harris Upham, and Merrill Lynch. Along the way he accumulated knowledge about the fundamentals of the commodity markets, interest rates, equities and ETFs.
In addition to writing for theStreet.com Kamich has been teaching technical analysis at Baruch College for the past twenty years.
Kamich was one of the earliest Chartered Market Technicians or CMTs, a professional designation similar to the CFA title. He has authored two books on charting and technical analysis - "How Technical Analysis Works" and "Chart Patterns." He is a two-time past president of the Market Technicians Association (now called the CMTA), the professional organization for chartists worldwide. He was also the president of the Market Technicians Association Educational Foundation (MTAEF.org).
UTX's indicators look mixed and Tuesday's earnings could tip the scales.
Prices are about about 50% from their late December nadir.
The drone maker already has had a great run this year and its technical signs indicate the move upward could continue.
Traders should be aware that the marketplace is a discounting mechanism and approach Disney shares accordingly.
Let's call in a delivery of some charts and indicators.
We cannot rule out new lows for a move down in the weeks ahead.
Let's review the charts and indicators to round out the analysis.
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