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Bearish Two Hundred Day Moving Average Cross - RTN

By Market News Video Staff, Wednesday, June 8, 4:05 PM ET
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In trading on Wednesday, shares of Raytheon Co. (NYSE:RTN) crossed below their 200 day moving average of $48.27, changing hands as low as $48.17 per share. Raytheon Co. shares are currently trading off about 0.8% on the day. The chart below shows the one year performance of RTN shares, versus its 200 day moving average:

Raytheon Co. 200 Day Moving Average Chart

Looking at the chart above, RTN's low point in its 52 week range is $42.65 per share, with $53.76 as the 52 week high point — that compares with a last trade of $48.19.

According to the ETF Finder at ETF Channel, RTN makes up 5.16% of the iShares Dow Jones U.S. Aerospace & Defense Index Fund ETF (AMEX:ITA) which is trading lower by about 0.7% on the day Wednesday.

     See what other ETFs contain RTN »
     See what other stocks are held by ITA »

RTN operates in the Defense sector, among companies like Tel Instrument Electronics Corp. (TIK), and Applied Energetics Inc (AERG) trading higher by about 1.6%. Below is a three month price history chart comparing the stock performance of RTN, versus AERG.

RTN,AERG Relative Performance Chart


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