Pay attention to the following industrials stocks approaching critical price targets: Raytheon Technologies, United Rentals Inc, Huntington Ingalls Industries Inc are the ones to watch.

A quick recap of where the last trading session ended: Markets were up yesterday; Nasdaq gained 0.21% and closed at 13,817. S&P 500 closed the day at 4,455.59, having gained 0.12%.

What is a Price Target?

A "price target" is an estimate of the future price of a stock based on earnings forecasts and assumed valuation multiples. Price targets are typically generated by respected market analysts who believe a stock to be fairly valued relative to its projected and historical earnings. Target prices are used to evaluate stocks and can help investors evaluate the potential risk/reward profile of a stock. Check out this rundown of industrials stocks and their price targets.

Buyers pushing Raytheon Technologies towards its price target of $99.04; currently at $98.39

Raytheon Technologies's run now faces a challenge at $99.04, which is only 65 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.

Raytheon Technologies has posted further gains as part of a 4 day trend that has already seen the stock gain $2.09. yesterday continued on the same track for Raytheon Technologies — an influx of buyers helped the US defence contractor to end the session higher around $98.39, while establishing a $97.32 to $98.83 session range yesterday. Trading volume totalled 2 million which equates to around 45% of the stock's 21-day average yesterday.

Buyers pushing United Rentals towards its price target of $451.87; currently at $448.63

United Rentals's recent run now faces a major challenge as concentrated supply is likely found at $451.87 with price action currently $3.24 away.

United Rentals has posted further gains as part of an 8 day trend that has already seen the stock gain $42.9. yesterday's session pointed in the same direction — after ending Friday at $445.37, United Rentals went up to $450.65 only to drop back, yet still traded well overall and closed at $448.63 yesterday. The day's trading volume totalled 375,346 shares — below the 21-day average of 944,056.

Buyers pushing Huntington Ingalls Industries towards its price target of $230.67; currently at $228.75

Huntington Ingalls Industries ended Friday at $227.6. yesterday it went up to $230 only to drop back, yet still managed to close at $228.75. Yesterday's gains added to Huntington Ingalls Industries's bullish trend that has lasted for 7 days so far, during which it increased a total of $10.64. Trading volume totalled 150,744 which equates to around 49% of the stock's 21-day average yesterday.

2 months ago, the billion-dollar shipbuilder fell to a low of $192.73 but has since recovered 18.09%. The company has a market cap of $9.12 billion with an average daily trading volume of 306,912 shares. So far this year, it has been under-performing the S&P 500 by 14%. Huntington Ingalls Industries last reported revenue of $2.67 billion with an EPS of $3.23.

Huntington Ingalls Industries's run now faces a challenge at $230.67, which is only $1.92 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.