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Shares of Raytheon Rise to a New 52-Week High

By James Quinn

Raytheon (NYSE:RTN) traded at a new 52-week high today of $164.87. Approximately 117,000 shares have changed hands today, as compared to an average 30-day volume of 2 million shares.

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.

Raytheon (NYSE:RTN) has potential upside of 2.1% based on a current price of $164.64 and analysts' consensus price target of $168.06. The stock should find initial support at its 50-day moving average (MA) of $124.87 and further support at its 200-day MA of $118.35.

In the past 52 weeks, Raytheon share prices have been bracketed by a low of $95.32 and a high of $164.87 and are now at $164.64, 73% 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 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 8.4%. 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