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SmarTrend Watching for Potential Rebound in Shares of Raytheon Co After 1.50% Loss

By Nick Russo

Raytheon Co (NYSE:RTN) traded in a range yesterday that spanned from a low of $163.00 to a high of $166.86. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $165.38 on volume of 1.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Raytheon Co on November 20th, 2018 by issuing a Downtrend alert when the shares were trading at $173.45. Since that call, shares of Raytheon Co have fallen 4.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Raytheon Co share prices have moved between a 52-week high of $229.75 and the current low of $163.00 and are currently at $163.20 per share. The 200-day and 50-day moving averages have moved 0.34% lower and 0.98% lower over the past week, respectively.

Keywords: rebounders raytheon co

Ticker(s): RTN