Raytheon Crosses Above its 10-day MA (RTN)
Today, shares of Raytheon (NYSE:RTN) have crossed bullishly above their 10-day moving average of $140.81 on a volume of 225K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Raytheon has traded in a range of $95.32 to $143.39 and is now at $141.20, 48% above that low. 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 11.8%. We continue to monitor RTN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Raytheon