Bullish Moving Average Cross by Raytheon (RTN)

Published on Thu, 02/19/2015 - 12:14
By Adrienne Chilton in Moving average crossovers, RTN, moving crosses, nyse:rtn, raytheon

Today, shares of Raytheon (NYSE:RTN) have advanced above their 10-day MA of $107.18 on a volume of 367K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Raytheon Company conducts operations in defense and government electronics, space, information technology and technical services. The Company designs, develops, manufactures, integrates, supports and provides a wide range of products, services and solutions for principally governmental customers in the United States and abroad. Raytheon has employees worldwide.

There is potential upside of 5.8% for shares of Raytheon based on a current price of $108.04 and an average consensus analyst price target of $114.31. The stock should find initial support at its 50-day moving average (MA) of $106.69 and further support at its 200-day MA of $100.02.

In the past 52 weeks, Raytheon share prices have been bracketed by a low of $89.17 and a high of $111.47 and are now at $108.04, 21% above that low price. The 200-day and 50-day moving averages have moved 0.11% higher and 0.08% lower over the past week, respectively.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Shares of Telephone & Data Systems Rise ...

Shares of Telephone & Data Systems (AMEX:TDS) traded at a new 52-week high today of $28 ...

Shares of Taser International Rise to a ...

Taser International (NASDAQ:TASR) traded today at a new 52-week high of $33.00. This n ...

Shares of TAL International Have Fallen ...

TAL International (NYSE:TAL) traded today at a new 52-week low of $35.10. This new low ...

Shares of Silicon Graphics International...

Shares of Silicon Graphics International (NYSE:SGI) traded today at $7.79, breaking its ...

Shares of Sanderson Farms Have Fallen Be...

Sanderson Farms (NASDAQ:SAFM) traded at a new 52-week low today of $74.25. This new lo ...

Shares of Rayonier Fall to a New 52-Week...

Shares of Rayonier (NYSE:RYN) traded at a new 52-week low today of $25.45. Approximate ...

Shares of RTI International Metals Rise ...

Shares of RTI International Metals (NYSE:RTI) traded at a new 52-week high today of $39 ...

Shares of Elizabeth Arden Fall Below Pre...

Shares of Elizabeth Arden (NASDAQ:RDEN) traded at a new 52-week low today of $13.83. T ...