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Raytheon Bullish Moving Average Crossover Alert (RTN)

By Nick Russo

Raytheon (NYSE:RTN) shares have crossed bullishly above their 10-day moving average of $138.03 on a volume of 130K 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.

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 45% above that low price at $138.17 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.2%.

SmarTrend is monitoring the recent change of momentum in Raytheon. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Raytheon in search of a potential trend change.

Keywords: moving crosses Raytheon

Ticker(s): RTN