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Boeing Co/The Set to Possibly Rebound After Yesterday's Selloff of 1.80%

By James Quinn

Boeing Co/The (NYSE:BA) traded in a range yesterday that spanned from a low of $347.75 to a high of $355.56. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $355.16 on volume of 2.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Boeing Co/The and will alert subscribers who have BA in their portfolio or watchlist when shares have changed trend direction.

Boeing Co/The share prices have moved between a 52-week high of $446.01 and a 52-week low of $292.47 and are now trading 21% above that low price at $353.25 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

Keywords: rebounders boeing co/the

Ticker(s): BA