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Recent 52-Week High Exceeded in Shares of Boeing Co/The (BA)

By David Diaz

Boeing Co/The (NYSE:BA) traded today at a new 52-week high of $209.45. This new high was reached on below average trading volume as 447,000 shares traded hands, while the average 30-day volume is approximately 4.6 million shares.

The Boeing Company, together with its subsidiaries, develops, produces, and markets commercial jet aircraft, as well as provides related support services to the commercial airline industry worldwide. The Company also researches, develops, produces, modifies, and supports information, space, and defense systems, including military aircraft, helicopters and space and missile systems.

In the past 52 weeks, shares of Boeing Co/The have traded between a low of $122.35 and a high of $209.45 and are now at $209.40, which is 71% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.0%.

Boeing Co/The (NYSE:BA) defies analysts with a current price ($209.40) 8.3% above its average consensus price target of $191.93. The stock should discover initial support at its 200-day moving average (MA) of $134.57 and subsequent support at its 50-day MA of $128.37.

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 13.8%. We continue to monitor BA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows boeing co/the

Ticker(s): BA