RAYTHEON
(RTN-NYSE):
Technical Viewpoint: From a low
of $28.50 on Jul 24, 2002 prices
rallied, reaching a
high of $35.35
on Aug 13, 2002. A
decline saw prices pull back, reaching a
low of
$32.20 on Aug 26, 2002.
Another rally saw prices penetrate
resistance, closing 8/30/02
at $35.00. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Aug 28, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $33.25. Resistance: Is at $37.07.
Point & Figure: Reversed to the upside on Aug 30, 2002. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! RAYTHEON
(RTN-NYSE) @ $35.75 Stop: Use a protective stop of $33.75.
RAYTHEON is currently trading @ $35.00 plus $1.08 on Aug 30, 2002. Price Objective:
$48.75. Risk/Reward: $2.00 VS. $13.00. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$48.75
Risk/Reward:
$2.00 VS. $13.00
Risk/Reward Ratio:
6:1
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