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Boeing Co/The Rises 1.16% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Boeing Co/The (NYSE:BA) traded in a range yesterday that spanned from a low of $346.65 to a high of $358.04. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $354.46 on volume of 2.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Boeing Co/The. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Boeing Co/The in search of a potential trend change.

In the past 52 weeks, Boeing Co/The share prices have been bracketed by a low of $292.47 and a high of $446.01 and are now at $358.04, 22% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.8%.

Keywords: rebounders boeing co/the

Ticker(s): BA