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Look for Shares of Boeing to Potentially Pullback after Yesterday's 1.34% Rise

By Nick Russo

Boeing (NYSE:BA) traded in a range yesterday that spanned from a low of $197.00 to a high of $199.47. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $197.95 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Boeing share prices have moved between a 52-week high of $199.47 and a 52-week low of $102.10 and are now trading 95% above that low price at $198.88 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Boeing 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 have risen 7.2%. We continue to monitor BA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Boeing

Ticker(s): BA