Tuesday, June 19, 2018 12:12:10 PM
Most of the leading defense stocks topped out in late April 2018. Since that pivot top, many of the leading stocks in the defense sector have declined by 10.0 percent or more. Raytheon Co (NYSE:RTN) is a stock that has now caught my eye. This stock is now testing its 200-day moving average. A failure to hold this key support level should signal another decline in the stock. The next major support area that will come into play will be around the $188.00 level. This is where RTN stock broke out of a sideways base in January 2018. A retest of this important level will likely be defended by the institutional money crowd. This is where I would look to enter a long position in the name. Some other leading defense companies that I follow include Lockheed Martin Corp(NYSE:LMT), General Dynamics Corp (NYSE:GD) and Northrop Grumman Corp (NOC:NYSE). These defense stocks are also on my radar for trading opportunities.
Nicholas Santiago
InTheMoneyStocks
Recent RTX News
- RTX breaks ground on $115 million expansion of Alabama missile integration facility • PR Newswire (US) • 04/23/2024 08:57:00 PM
- U.S. Index Futures Rise in Pre-Market, Oil Prices Dip Slightly • IH Market News • 04/23/2024 11:26:41 AM
- RTX Reports Q1 2024 Results • PR Newswire (US) • 04/23/2024 10:55:00 AM
- RTX signs its largest renewable electricity deal to date • PR Newswire (US) • 04/18/2024 11:00:00 AM
- RTX's Pratt & Whitney announces GTF MRO capacity expansion at West Palm Beach facility • PR Newswire (US) • 04/10/2024 02:30:00 PM
- RTX provides Blue Canyon satellite to help solve a crucial climate challenge • PR Newswire (US) • 04/10/2024 02:00:00 PM
- RTX's Pratt & Whitney announces North American Technology Accelerator • PR Newswire (US) • 04/09/2024 02:00:00 PM
- RTX's Raytheon completes critical milestone for VIIRS program • PR Newswire (US) • 04/08/2024 02:00:00 PM
- RTX to release first quarter results on April 23, 2024 • PR Newswire (US) • 04/02/2024 12:00:00 PM
- Collins Aerospace and Luminace Partner with Common Energy to Support Community Solar Projects Across Portland • Business Wire • 04/01/2024 03:51:00 PM
- RTX's SM-6 intercepts ballistic missile target at sea • PR Newswire (US) • 03/29/2024 07:06:00 PM
- RTX's Pratt & Whitney receives full funding for F135 Engine Core Upgrade in FY 2024 Defense Appropriations bill • PR Newswire (US) • 03/23/2024 08:39:00 PM
- RTX's Raytheon Lower Tier Air and Missile Defense Sensor detects and engages complex target • PR Newswire (US) • 03/21/2024 03:00:00 PM
- RTX's Raytheon awarded $1.2 billion contract to provide Patriot air and missile defense systems to Germany • PR Newswire (US) • 03/21/2024 02:00:00 PM
- RTX's Pratt & Whitney collaborates with FAA to study non-CO2 emissions under FAA ASCENT program • PR Newswire (US) • 03/21/2024 12:00:00 PM
- RTX's Collins Aerospace introduces Venue™ smart monitor • PR Newswire (US) • 03/19/2024 02:00:00 PM
- IAE AG successfully tests V2500 engine on 100% Sustainable Aviation Fuel • PR Newswire (US) • 03/18/2024 06:00:00 AM
- RTX's Collins Aerospace delivers first aircraft seats from Philippines facility • PR Newswire (US) • 03/14/2024 12:00:00 AM
- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 03/11/2024 08:36:39 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 03/11/2024 08:35:11 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 03/11/2024 08:34:35 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/08/2024 07:14:55 PM
- NPS Completes $17.5M Series B Funding for Software-Defined Radar Led by Cota Capital with Key Strategic Investment from GM Ventures and RTX Ventures • PR Newswire (US) • 03/07/2024 05:15:00 PM
- Icelandair selects RTX's Pratt & Whitney GTF™ engines to power up to 35 Airbus A320neo family aircraft • PR Newswire (US) • 03/04/2024 10:00:00 AM
- RTX's Raytheon completes first flight test for new AMRAAM-ER variant • PR Newswire (US) • 02/27/2024 02:00:00 PM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM
Avant Technologies Launches Advanced AI Supercomputing Network and Expansive Data Solutions • AVAI • Apr 23, 2024 8:00 AM
BestGrowthStocks.com Issues Comprehensive Analysis of Triller Merger with AGBA Group Holding Limited • AGBA • Apr 22, 2024 1:00 PM
Cannabix Technologies to Present Marijuana Breathalyzer Technology at International Association for Chemical Testing (IACT) Conference in California • BLO • Apr 22, 2024 8:49 AM