|
RAYTHEON CO CLASS B
(RTN.B-NYSE):
Technical Viewpoint: From a low
of $20.05 on Jul 18, 2000 prices
rallied, reaching a
high of $29 5/8
on Aug 11, 2000. A
decline saw prices pull back, reaching a
low of
$24.69 on Sep 20, 2000.
Another rally saw prices penetrate
resistance, closing 10/12/00
at $31 5/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 29, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $29 1/2. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 3, 2000. A P&F upside
reversal takes place at $30.00. Summary: Technical indicators have turned bullish. BUY! RAYTHEON CO CLASS B
(RTN.B-NYSE) @ $31 3/4 Stop: Use a protective stop of $29 1/2.
RAYTHEON CO CLASS B is currently trading @ $31 5/8 plus $1.87 on Oct 12, 2000. Price Objective:
$47.00. Risk/Reward: $2 1/4 VS. $15 1/4. Today's Risk Reward Ratio: 7:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$47.00
Risk/Reward:
$2 1/4 VS. $15 1/4
Risk/Reward Ratio:
7:1
|
