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After Yesterday's Rally of 1.13% Shares Could Potentially Pullback

By James Quinn

Raytheon Co (NYSE:RTN) traded in a range yesterday that spanned from a low of $199.04 to a high of $201.19. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $201.01 on volume of 377,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Raytheon Co and will alert subscribers who have RTN in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Raytheon Co has traded in a range of $179.29 to $229.75 and is now at $200.58, 12% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Keywords: rebounders raytheon co

Ticker(s): RTN