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SmarTrend Watching for Potential Pullback in Shares of Raytheon Co After 1.30% Gain

By Amy Schwartz

Raytheon Co (NYSE:RTN) traded in a range yesterday that spanned from a low of $222.76 to a high of $225.27. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $222.74 on volume of 625,000 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 monitoring the recent change of momentum in Raytheon Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Raytheon Co in search of a potential trend change.

Raytheon Co share prices have moved between a 52-week high of $224.91 and a 52-week low of $130.97 and are now trading 72% above that low price at $224.91 per share. The 200-day and 50-day moving averages have moved 0.47% higher and 0.18% higher over the past week, respectively.

Keywords: rebounders raytheon co

Ticker(s): RTN