Raytheon Crosses Below its 10-day MA (RTN)
Raytheon (NYSE:RTN) crossed under its 10-day moving average of $126.91 on a volume of 994K 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.
Raytheon share prices have moved between a 52-week high of $130.89 and a 52-week low of $95.32 and are now trading 32% above that low price at $125.83 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.2%.
SmarTrend is tracking the current trend status for Raytheon and will alert subscribers who have RTN in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Raytheon