Raytheon Bullish Moving Average Crossover Alert (RTN)
Today, shares of Raytheon (NYSE:RTN) have crossed bullishly above their 10-day moving average of $138.43 on a volume of 503K shares. This may provide short-term investors a chance 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 $139.93 and are now at $139.16, 46% 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 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 10.1%. We continue to monitor RTN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Raytheon