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Raytheon Co: 52-Week High Recently Eclipsed (RTN)

By Shiri Gupta

Shares of Raytheon Co (NYSE:RTN) traded today at $184.17, breaking its 52-week high. This new high was reached on below average trading volume as 287,000 shares traded hands, while the average 30-day volume is approximately 2 million shares.

Raytheon Company is a technology company specializing in defense, homeland security, and other government markets throughout the world. The Company provides electronics, mission systems integration, and other capabilities in the areas of sensing, effects, and command, control, communications and intelligence systems, as well as mission support services.

Raytheon Co (NYSE:RTN) is currently priced 4.2% above its average consensus analyst price target of $175.00. The stock should find initial support at its 50-day moving average (MA) of $124.87 and further support at its 200-day MA of $118.35.

Raytheon Co share prices have moved between a 52-week high of $184.17 and a 52-week low of $130.97 and are now trading 39% above that low price at $182.67 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Raytheon Co on February 13th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $151.52. Since that recommendation, shares of Raytheon Co have risen 19.7%. We continue to monitor RTN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows raytheon co

Ticker(s): RTN