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Watch for Raytheon Co to Potentially Pullback After Gaining 2.01% Yesterday

By James Quinn

Raytheon Co (NYSE:RTN) traded in a range yesterday that spanned from a low of $195.90 to a high of $200.94. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $198.93 on volume of 618,000 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.

Raytheon Co share prices have moved between a 52-week high of $207.43 and a 52-week low of $144.27 and are now trading 39% above that low price at $200.05 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.2%.

Keywords: rebounders raytheon co

Ticker(s): RTN