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Boeing Co/The Set to Possibly Rebound After Yesterday's Selloff of 1.39%

By James Quinn

Boeing Co/The (NYSE:BA) traded in a range yesterday that spanned from a low of $236.40 to a high of $240.36. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $238.41 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Boeing Co/The have traded between a low of $122.35 and a high of $246.49 and are now at $236.86, which is 94% 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%.

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 31.2%. 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