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Raytheon Co Bearish Moving Average Crossover Alert (RTN)

By David Diaz

Today, shares of Raytheon Co (NYSE:RTN) have crossed bearishly below their 10-day moving average of $183.17 on a volume of 237K 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.

In the past 52 weeks, shares of Raytheon Co have traded between a low of $144.27 and a high of $210.89 and are now at $181.06, which is 26% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

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