Textron has had a tumultuous last couple of years. The stock has been rallying out of a deep base. It has spent 2017 consolidating, but this week the stock accelerated to new highs. The SCTR is surging up to 75.
The momentum on the MACD is just turning up with lots of space above. This chart looks ready to accelerate with a stop at this weeks low.
There have been lots of videos posted in the last week. You can check out the Market Outlook with Tom Bowley and Greg Schnell on the StockCharts.com Vimeo channel or click to play here.
I also published a Commodities Countdown Video for those interested in Gold.
For those interested in the Canadian markets, A new Canadian Technician article was published recently as well.
Lots of information to check out!
Greg Schnell, CMT, MFTA.