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Look for Shares of Boeing Co/The to Potentially Rebound after Yesterday's 1.39% Sell Off

By Nick Russo

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.

Over the past year, Boeing Co/The has traded in a range of $122.35 to $246.49 and is now at $236.86, 94% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.2%.

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