RTX Corp (NYSE:RTX) Shows Strong Technical Setup for Breakout Investors

Technical breakout investing focuses on identifying stocks with strong momentum that are consolidating before their next upward move. RTX Corp (NYSE:RTX) currently presents a compelling case for traders looking for such opportunities.

Technical Strength and Setup

RTX Corp (NYSE:RTX) has a Technical Rating of 8 out of 10, indicating a strong uptrend. The stock has outperformed 86% of the market over the past year, reinforcing its bullish momentum. While the short-term trend is neutral, the long-term trend remains positive, suggesting resilience despite recent fluctuations.

The stock also has a Setup Rating of 8, signaling a consolidation phase with reduced volatility. Prices have been trading in a range between $112.27 and $133.71 over the past month, with a clear resistance zone starting at $133.00. A breakout above this level could present a strong entry point.

Key Support and Resistance Levels

• Support: Multiple support zones exist, with the nearest at $124.21–$125.64, backed by moving averages and trendlines.
• Resistance: The primary resistance area is between $133.00 and $135.67, formed by historical price action.

Trading Setup Suggestion

• Entry: A breakout above $130.51 (just above the 10-day high) could signal an upward move.
• Stop Loss: Placing a stop below $124.20 limits downside risk to 4.83%.
• Volume: Average daily volume of 5.79 million shares ensures liquidity.

For a deeper analysis, review the full technical report here.

Why RTX Stands Out

RTX Corp operates in the aerospace and defense sector, with strong fundamentals supporting its technical strength. The stock’s ability to hold above key support levels while consolidating near resistance makes it a candidate for a potential breakout.

For more breakout opportunities, check the Technical Breakout Setups Screen.