Today we will analyze the stock RAYTHEON (RTN1.MU) for internet stock trading in the MU stock market,
Stock Technical indicators to notice in RAYTHEON (RTN1.MU)
1- Last bearish trend was from 40.29 $ (3/15/2012) to 38.93 $ (3/22/2012) a 1.36 $ move 2- The current bullish trend started from 38.93 $ at 3/22/2012 and is currently trading at 40.86 $.
3- RTN1.MU current support level is at 40.66 which is the 127.20 % fibonacci retracement of the last 1.36 $ move.
4- RTN1.MU current resistance level is at 41.13 which is the 161.80 % fibonacci retracement of the last 1.36 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
RAYTHEON (RTN1.MU) Short term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 38.930 and 36.490, and is currently supporting at 40.842.
RAYTHEON (RTN1.MU) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 35.410 and 38.580 that was broken up at 31.720 transforming into a supporting line.
RAYTHEON (RTN1.MU) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 38.580 and 45.470 that was broken up at 30.890 transforming into a supporting line.

Stock Trading Conclusion:
RAYTHEON (RTN1.MU) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 41.13.
Stock Support levels : 40.84, 40.66, 40.40, 40.29, 40.12, 39.90, 39.77, 39.67, 39.61, 39.45, 39.25, 38.93, 27.30,.