Pre-Market Analysis on United Technologies, FLIR Systems, L-3 Comm., and Embraer

Apr 10, 2013, 08:00 ET from

LONDON, April 10, 2013 /PRNewswire/ --

Governments in U.S. and Europe have been scaling back their spending on defense as they look to bring down their fiscal deficits. In the U.S., lawmakers' failure to reach an agreement on reducing the country's fiscal deficit resulted in the Sequester, or automatic spending cuts, worth $85 billion which took effect in March 2013. Nearly half of these spending cuts will affect defense, which will have a significant impact on companies such as United Technologies Corporation (NYSE: UTX), FLIR Systems Inc. (NASDAQ: FLIR), Embraer SA (ADR) (NYSE: ERJ), and L-3 Communications Holdings Inc. (NYSE: LLL). Aerospace and defense stocks ended mostly higher on Tuesday, tracking gains in the broad market, which rose on the back of some robust economic data from China. StockCall has posted free technical research on UTX, FLIR, LLL, and ERJ which can be downloaded upon sign up at

Shares of United Technologies Corporation edged higher in trading on Tuesday, touching a 52-week high of $94.58. The stock ended the day 0.79% higher at $94.45 on above average volume of 3.18 million. United Technologies' shares have seen a series of highs since the start of this year. Year-to-date, the stock has now gained nearly 16%, outperforming the S&P 500. Shares of UTX are currently trading well above its 50-day and 200-day moving averages, which is a bullish signal. The bullish trend is further confirmed by the stock's MACD chart. Sign up and read the complimentary report on UTX at

Shares of FLIR Systems Inc. rose in yesterday's trading session; however, the gains were limited. The stock ended the day 0.16% higher at $25.68 on volume of 671,371. FLIR Systems' shares have traded sideways in the last one month. The stock recently slipped below its 50-day moving average, which is a bearish signal. The stock's MACD has slipped below the signal line and the zero-line, which further confirms the bearish trend. Year-to-date, the company's shares are still up more than 15.40%. The free report on FLIR can be downloaded by signing up now at

Shares of Embraer SA rose sharply in trading on Tuesday. The stock ended the day 2.29% higher at $35.79 on above average volume of 1.12 million. The stock has now gained more than 7.60% in the last three trading sessions. Embraer's shares are currently trading close to their 52-week high of $36.28. The stock has seen a series of highs in the last three sessions, which indicates that market sentiment is currently bullish on the stock. The positive trend is further confirmed by the stock's MACD chart. Shares of ERJ currently face resistance at around $36. Free report on LLL can be accessed by registering at

Shares of L-3 Communications Holdings Inc. ended nearly flat yesterday. The stock rose to an intra-day high of $82.32 before finishing the day 0.01% higher at $81.84 on volume of 483,734. L-3 Communications' shares are currently hovering around their 52-week high of $82.44. The stock has gained 7.60% so far in 2013, underperforming the broad market. The stock is currently trading above its 50-day and 200-day moving averages. Register with StockCall and download the research on ERJ for free at

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