• Return to Headlines

Boeing Co/The Falls 3.96% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Boeing Co/The (NYSE:BA) traded in a range yesterday that spanned from a low of $322.30 to a high of $340.52. Yesterday, the shares fell 4.0%, which took the trading range below the 3-day low of $337.61 on volume of 6.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Boeing Co/The has traded in a range of $122.35 to $369.18 and is now at $325.41, 166% 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 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 84.9%. We continue to monitor BA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders boeing co/the

Ticker(s): BA