Sunday, January 27, 2008

Raytheon RTN

RTN I would be looking at around $63.75 as an entry on volume in the 4mm share range. It topped out in late December around $65.94. It then found support at the $60 level.It's been building a base between 60 and 65 and now has the potential to move higher. Some resistance around $65-65.94 but above that could breakout from a 4 month base pattern. Target $69


About Me

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.