After selling off more than 9% this week, shares of defense contractor RTX look poised for a bounce back, according to one technical indicator.
Nearly half of Wall Street analysts rate shares a buy.
It's the second most oversold stock in the S & P 500 with a 14-day RSI of 19.6.
Just 14% of analysts rate shares a buy, with the average price target suggesting nearly 8% downside.
Half of Wall Street analysts rate shares a buy, with a price target that implies 7% upside.
Persons:
RTX, Lamb Weston, Estee Lauder, Biogen, Goldman Sachs
Organizations:
Federal Reserve, CNBC Pro, Raytheon, Pratt & Whitney, Wall Street, Ford Motor, Union Pacific, UNP, Pacific, Street, Marathon Petroleum