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Look for Shares of Boeing Co/The to Potentially Rebound after Yesterday's 2.80% Sell Off

By Amy Schwartz

Boeing Co/The (NYSE:BA) traded in a range yesterday that spanned from a low of $322.71 to a high of $328.82. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $330.43 on volume of 2.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Boeing Co/The on July 26th, 2019 by issuing a Downtrend alert when the shares were trading at $345.21. Since that call, shares of Boeing Co/The have fallen 3.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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 11% above that low price at $323.74 per share. Over the past week, 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