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Watch for Raytheon Co to Potentially Pullback After Gaining 1.13% Yesterday

By James Quinn

Raytheon Co (NYSE:RTN) traded in a range yesterday that spanned from a low of $199.04 to a high of $201.19. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $201.01 on volume of 377,000 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 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.

In the past 52 weeks, shares of Raytheon Co have traded between a low of $179.29 and a high of $229.75 and are now at $200.58, which is 12% above that low price. The 200-day and 50-day moving averages have moved 0.09% higher and 0.15% higher over the past week, respectively.

Keywords: rebounders raytheon co

Ticker(s): RTN