• Return to Headlines

Look for Shares of Raytheon Co to Potentially Rebound after Yesterday's 2.26% Sell Off

By Amy Schwartz

Raytheon Co (NYSE:RTN) traded in a range yesterday that spanned from a low of $205.43 to a high of $212.08. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $209.54 on volume of 835,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Raytheon Co share prices have moved between a 52-week high of $222.82 and a 52-week low of $130.97 and are now trading 57% above that low price at $205.43 per share. 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 Co on November 8th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $187.72. Since that recommendation, shares of Raytheon Co have risen 12.2%. We continue to monitor RTN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders raytheon co

Ticker(s): RTN