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Shares of Raytheon Co Has Risen Above Previous 52-Week High

By Shiri Gupta

Raytheon Co (NYSE:RTN) traded at a new 52-week high today of $224.26. This new high was reached on below average trading volume as 205,000 shares traded hands, while the average 30-day volume is approximately 2 million shares.

Raytheon Co (NYSE:RTN) has potential upside of 4.4% based on a current price of $223.67 and analysts' consensus price target of $233.40. The stock should discover initial support at its 50-day moving average (MA) of $124.87 and subsequent support at its 200-day MA of $118.35.

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.

In the past 52 weeks, Raytheon Co share prices have been bracketed by a low of $130.97 and a high of $224.26 and are now at $223.67, 71% above that low price. 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 is monitoring the recent change of momentum in Raytheon Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Raytheon Co in search of a potential trend change.

Keywords: 52 week high/lows raytheon co

Ticker(s): RTN