Raytheon : The share is well oriented
By Maxime Nonglaton
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$55.67 | $0 | $54.1 | -100% |
The company has strong fundamentals. It has a 10.7x PER for FY2012. Analysts polled by Thomson-Reuters have regularly upgraded their earnings per share estimates. Therefore, the consensus expects an increase in profitability and also shows the financial health of Raytheon. Finally, yield is estimated at 3.50%.
The security is in an upward trend for several months. A running out of steam is occured with the contact of USD 56.8 which is the highest recorded by this share. The security rebounded on its USD 54.2 support. Exceeding the resistance will indicate a bullish signal with a target price in the area of USD 60.
Given these elements, most active investors could take a buy position and aim to cross the USD 56.8 resistance for a new bullish signal. A stop loss is placed below the USD 54.2 short term support, threshold that would invalidate the bullish strategy.