Monday, December 12, 2005

Flat for the day

I guess many are waiting for the Fed to meet and do what they are expected to do. MEMC moved up a bit today. I am still long that one.

In other ratings moves, Morgan Stanley upgraded United Technologies (UTX) to overweight from equal-weight, as the broker believes the company isn't getting enough attention for its aerospace upcycle. United Technologies was higher by 13 cents, or 0.2%, to close at $55.55. OK, I don't understand this comment - I mean take a look at the chart of UTX. The stock has moved from about $50 to $56. The stock seemed to getting attention to me. The stock did move through major resistance and continues to move up.

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