Don't Ignore This Chart!

Raytheon shows relative strength

Raytheon (RTN) shows relative strength with a break above the January high. The S&P 500 and RTN are shown in the indicator window. Notice that RTN is trading above its January high, but the S&P 500 remains well below its January high. Defense is attracting money.


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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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