Boeing Bearish Moving Average Crossover Alert (BA)
Boeing (NYSE:BA) shares have crossed bearishly below their 10-day moving average of $128.97 on a volume of 852K 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.
Over the past year, Boeing has traded in a range of $102.10 to $150.59 and is now at $128.16, 26% above that low. The 200-day and 50-day moving averages have moved 0.21% lower and 1.01% 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 6.8%. We continue to monitor BA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Boeing