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Raytheon Co Bearish Moving Average Crossover Alert (RTN)

By Amy Schwartz

Today, shares of Raytheon Co (NYSE:RTN) have crossed bearishly below their 10-day moving average of $178.90 on a volume of 187K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Raytheon Co has traded in a range of $144.27 to $214.76 and is now at $177.60, 23% above that low. The 200-day and 50-day moving averages have moved 0.18% lower and 0.23% lower over the past week, respectively.

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

Keywords: moving crosses raytheon co

Ticker(s): RTN