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Raytheon Bullish Moving Average Crossover Alert (RTN)

By Shiri Gupta

Today, shares of Raytheon (NYSE:RTN) have crossed bullishly above their 10-day moving average of $152.03 on a volume of 163K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Raytheon has traded in a range of $95.32 to $157.59 and is now at $152.18, 60% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.2%.

SmarTrend is tracking the current trend status for Raytheon and will alert subscribers who have RTN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Raytheon

Ticker(s): RTN