United Technologies Looks Bullish Here So Go Long

United Technologies Looks Bullish Here So Go Long

United Technologies and a number of other companies are due to report earnings on Tuesday and during Friday night's Mad Money program, Jim Cramer thought that the best earnings would come from UTX. In this daily bar chart of UTX, below, we can see that prices made a low in late December/early January and then rallied to early May. Since May UTX has made a saucer-like continuation pattern. The daily On-Balance-Volume (OBV) line has risen as this pattern has formed and tells us that buyers of UTX have been more aggressive during the pattern's formation.