After Yesterday's Rally of 1.39% Shares Could Potentially Pullback
Boeing (NYSE:BA) traded in a range yesterday that spanned from a low of $133.55 to a high of $134.96. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $133.78 on volume of 1.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, shares of Boeing have traded between a low of $102.10 and a high of $150.59 and are now at $134.91, which is 32% above that low price. 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%.
SmarTrend is tracking the current trend status for Boeing and will alert subscribers who have BA in their portfolio or watchlist when shares have changed trend direction.
Keywords: rebounders Boeing