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RAYTHEON
(RTN-NYSE):
Technical Viewpoint: From a low
of $32.63 on Jan 23, 2002 prices
rallied, reaching a
high of $39.25
on Feb 1, 2002. A
decline saw prices pull back, reaching a
low of
$36.17 on Feb 6, 2002.
Another rally saw prices penetrate
resistance, closing 2/15/02
at $38.58. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 11, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $36.17. Resistance: Is at $39.25.
Point & Figure: Reversed to the upside on Feb 8, 2002. A P&F upside
reversal takes place at $37.00. Summary: Technical indicators have turned bullish. BUY! RAYTHEON
(RTN-NYSE) @ $38.88 Stop: Use a protective stop of $36.38.
RAYTHEON is currently trading @ $38.58 plus $0.71 on Feb 15, 2002. Price Objective:
$48.00. Risk/Reward: $2.50 VS. $9.13. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$48.00
Risk/Reward:
$2.50 VS. $9.13
Risk/Reward Ratio:
4:1
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