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Shares of Boeing Rise Above Previous 52-Week High

By Nick Russo

Shares of Boeing (NYSE:BA) traded at a new 52-week high today of $198.30. This new high was reached on below average trading volume as 406,000 shares traded hands, while the average 30-day volume is approximately 4.6 million shares.

Boeing (NYSE:BA) defies analysts with a current price ($198.19) 11.8% above its average consensus price target of $174.86. The stock should find initial support at its 200-day moving average (MA) of $134.57 and further support at its 50-day MA of $128.37.

Over the past year, Boeing has traded in a range of $102.10 to $198.30 and is now at $198.19, 94% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.2%.

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.

SmarTrend recommended that subscribers consider buying shares of Boeing 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 have risen 7.2%. 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

Ticker(s): BA