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Shares of Raytheon Has Risen Above Previous 52-Week High

By Amy Schwartz

Raytheon (NYSE:RTN) traded today at a new 52-week high of $157.33. Approximately 259,000 shares have changed hands today, as compared to an average 30-day volume of 2 million shares.

Over the past year, Raytheon has traded in a range of $95.32 to $157.33 and is now at $157.12, 65% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.2%.

Raytheon has overhead space with shares priced $157.12, or 6.5% below the average consensus analyst price target of $168.06. 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 conducts operations in defense and government electronics, space, information technology and technical services. The Company designs, develops, manufactures, integrates, supports and provides a wide range of products, services and solutions for principally governmental customers in the United States and abroad. Raytheon has employees worldwide.

SmarTrend recommended that subscribers consider buying shares of Raytheon on February 13th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $151.52. Since that recommendation, shares of Raytheon have risen 3.6%. We continue to monitor RTN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Raytheon

Ticker(s): RTN