CW Ex-Dividend Reminder - 6/21/16 Friday, June 17, 10:03 AM ET, by Market News Video Staff On 6/21/16, Curtiss-Wright Corp. (CW) will trade ex-dividend, for its quarterly dividend of $0.13, payable ...
In trading on Wednesday, shares of Textron Inc. (NYSE:TXT) entered into overbought territory, changing hands as high as $22.00 per share. We define overbought territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be overbought if the RSI reading rises above 70. In the case of Textron Inc., the RSI reading has hit 75.7 — by comparison, the RSI reading for the S&P 500 ETF (SPY) is presently 69.2.
Investors could look at TXT's 75.7 reading as a sign that the recent heavy buying is overdue to take a breather, which could bring a pullback in the stock. The chart below shows the one year performance of TXT shares:
Looking at the chart above, TXT's low point in its 52 week range is $14.66 per share, with $28.87 as the 52 week high point — that compares with a last trade of $21.26.
TXT operates in the Aerospace & Defense sector, among companies like CAE Inc. (NYSE:CAE) which is off about 0.4% today and has a current RSI reading of 60.6. Below is a three month price history chart comparing the stock performance of TXT, versus CAE.
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