Textron (TXT) Hammer Reversal Off Breakout Support
Textron (TXT) bullish reversal on Friday after pulling back to the top of monthly value and just off the 55-EMA. TXT has broken out of a wide range in early November and the recent pullback has back-tested the prior resistance and now support too at $73.85. VWAP from the September lows is also just below. A move back above the 8-EMA in focus above $75.70 and then has room to $78+. The measured move is out to $85.