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Boeing Co/The Crosses Below its 10-day MA (BA)

By David Diaz

Boeing Co/The (NYSE:BA) shares have crossed bearishly below their 10-day moving average of $238.89 on a volume of 729K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Boeing Co/The share prices have been bracketed by a low of $122.35 and a high of $246.49 and are now at $238.32, 95% above that low price. 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 Co/The on April 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $183.19. Since that recommendation, shares of Boeing Co/The have risen 31.2%. We continue to monitor BA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses boeing co/the

Ticker(s): BA