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SmarTrend Watching for Potential Rebound in Shares of Raytheon Co After 2.26% Loss

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.

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.

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. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.2%.

Keywords: rebounders raytheon co

Ticker(s): RTN