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Next Support Level for Boeing Co/The (BA) is $331.12

By Amy Schwartz

Shares of Boeing Co/The (NYSE:BA) have bearishly opened below the pivot of $341.39 today and have reached the first support level of $334.89. Analysts will be watching for a cross of the next downside pivot targets of $331.12 and $320.85.

There is potential upside of 15.1% for shares of Boeing Co/The based on a current price of $336.58 and an average consensus analyst price target of $387.50. Boeing Co/The shares have support at the 200-day moving average (MA) of $134.57 and additional support at the 50-day MA of $128.37.

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 $336.58, which is 175% above that low price. The 200-day and 50-day moving averages have moved 0.21% lower and 1.01% higher over the past week, respectively.

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.

Keywords: pivot alerts boeing co/the

Ticker(s): BA