Raytheon Technologies Gains 39%

Backtests
Written By Andrew Hairetis

Bimini Road identified a Ghost Pattern in January 2024 that lasted 33 days indicating a large buying event by insiders on Raytheon stock.

The Ghost Pattern ended in March 2024. The news outlets report that Israel has attacked the Iranian embassy in Syria indicating an escalation in the middle east conflict. Shortly thereafter the price of Raytheon Technologies stock begins to go up on the news gaining 39%.

Historical Timeline

January to March 2024 - Ghost Pattern captures 33 days of buying

April 1, 2024 - Israel strikes Iranian embassy in Syria

Price Moves Up - Raytheon gains 39%

Andrew Hairetis
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