Boeing Bearish Moving Average Crossover Alert (BA)
Boeing (NYSE:BA) crossed under its 10-day moving average of $132.93 on a volume of 801K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Boeing share prices have moved between a 52-week high of $150.59 and a 52-week low of $102.10 and are now trading 30% above that low price at $132.28 per share. The 200-day and 50-day moving averages have moved 0.15% lower and 0.86% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Boeing on March 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $121.04. Since that recommendation, shares of Boeing have risen 10.7%. We continue to monitor BA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Boeing