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Boeing Co/The Set to Possibly Rebound After Yesterday's Selloff of 4.59%

By Nick Russo

Boeing Co/The (NYSE:BA) traded in a range yesterday that spanned from a low of $324.50 to a high of $333.62. Yesterday, the shares fell 4.6%, which took the trading range below the 3-day low of $337.50 on volume of 1.6 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, Boeing Co/The share prices have been bracketed by a low of $274.00 and a high of $394.28 and are now at $326.79, 19% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

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.

Keywords: rebounders boeing co/the

Ticker(s): BA