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SmarTrend Watching for Potential Pullback in Shares of Boeing After 1.34% Gain

By David Diaz

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.

In the past 52 weeks, shares of Boeing have traded between a low of $102.10 and a high of $199.47 and are now at $198.88, which is 95% above that low price. 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