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Raytheon Bearish Moving Average Crossover Alert (RTN)

By Shiri Gupta

Raytheon (NYSE:RTN) shares have crossed bearishly below their 10-day moving average of $141.10 on a volume of 239K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Raytheon share prices have moved between a 52-week high of $143.39 and a 52-week low of $95.32 and are now trading 48% above that low price at $140.61 per share. The 200-day and 50-day moving averages have moved 0.47% higher and 0.18% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Raytheon on January 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $125.36. Since that recommendation, shares of Raytheon have risen 12.6%. We continue to monitor RTN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Raytheon

Ticker(s): RTN