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Next Resistance Level for Raytheon (RTN) is $160.36

By Amy Schwartz

Shares of Raytheon (NYSE:RTN) opened today above their pivot of $157.48 and have already reached the first level of resistance at $159.13. Should the shares continue to rise, the resistance pivots of $160.36 and $163.24 will be of interest.

Raytheon (NYSE:RTN) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $168.06. The stock should run into initial resistance at its 200-day moving average (MA) of $118.35 and subsequent resistance at its 50-day MA of $124.87.

Over the past year, Raytheonhas traded in a range of $0.00 to $163.10 and are now at $0.00. 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 4.2%. We continue to monitor RTN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts Raytheon

Ticker(s): RTN