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Raytheon Bullish Moving Average Crossover Alert (RTN)

By Amy Schwartz

Raytheon (NYSE:RTN) shares have crossed bullishly above their 10-day moving average of $138.24 on a volume of 897K 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.

In the past 52 weeks, Raytheon share prices have been bracketed by a low of $95.32 and a high of $143.39 and are now at $138.37, 45% above that low price. The 200-day and 50-day moving averages have moved 0.47% higher and 0.18% higher over the past week, respectively.

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