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Raytheon Co (RTN) Approaches New Upside Target of $199.57

By Amy Schwartz

Shares of Raytheon Co (NYSE:RTN) have bullishly opened above the pivot of $197.99 today and have reached the first resistance level of $198.96. Should the shares continue to rise, the resistance pivots of $199.57 and $201.15 will be of interest.

Raytheon Co has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $238.48. Raytheon Co shares should first meet resistance at the 50-day moving average (MA) of $197.91 and find additional resistance at the 200-day MA of $203.31.

In the past 52 weeks, Raytheon Co share prices have been bracketed by a current low of $0.00 and a high of $229.75 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.09% higher and 0.15% higher over the past week, respectively.

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.

Keywords: pivot alerts raytheon co

Ticker(s): RTN