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Look for Shares of Boeing Co/The to Potentially Rebound after Yesterday's 3.96% Sell Off

By Shiri Gupta

Boeing Co/The (NYSE:BA) traded in a range yesterday that spanned from a low of $322.30 to a high of $340.52. Yesterday, the shares fell 4.0%, which took the trading range below the 3-day low of $337.61 on volume of 6.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 84.9%. We continue to monitor BA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Boeing Co/The have traded between a low of $122.35 and a high of $369.18 and are now at $325.41, which is 166% 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%.

Keywords: rebounders boeing co/the

Ticker(s): BA