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RAYTHEON CO
(RTNB-Nasdaq):
Technical Viewpoint: From a low
of $49.31 on Dec 23, 1998 prices
rallied, reaching a
high of $57.56
on Feb 23, 1999. A
decline saw prices pull back, reaching a
low of
$51.31 on Mar 10, 1999.
Another rally saw prices penetrate
resistance, closing 3/24/99
at $57 1/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 18, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $52.00. Resistance: Is at $59.00.
Point & Figure: Reversed to the upside on Mar 3, 1999. A P&F upside
reversal takes place at $54.00. Summary: Technical indicators have turned bullish. BUY! RAYTHEON CO
(RTNB-Nasdaq) @ $57 7/8 Stop: Use a protective stop of $55 5/8.
RAYTHEON CO is currently trading @ $57 1/4 plus $1.00 on Mar 24, 1999. Price Objective:
$77 1/2. Risk/Reward: $2 1/4 VS. $19 5/8. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$77 1/2
Risk/Reward:
$2 1/4 VS. $19 5/8
Risk/Reward Ratio:
8:1
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