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Otis Worldwide Corporation : Towards the breakout of a major resistance level


9.86%
Otis Worldwide Corporation is close to a major resistance level, whereby the breach of this level could be considered as a buy signal. This reflects our preferred scenario in light of the stock s current technical chart pattern.
Investors have an opportunity to buy the stock and target the $ 86.
Summary
Strengths
Predictions on business development from analysts polled by Standard & Poor s are tight. This results from either a good visibility into core activities or accurate earnings releases.
Sales forecast by analysts have been recently revised upwards.
Over the last twelve months, the sales forecast has been frequently revised upwards.
The tendency within the weekly time frame is positive above the technical support level at 67.55 USD ....

Otis Worldwide Corporation Stock Exchange , Press Release , He Otis Us68902v1070 ,