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SmarTrend Watching for Potential Rebound in Shares of Boeing Co/The After 4.59% Loss

By James Quinn

Boeing Co/The (NYSE:BA) traded in a range yesterday that spanned from a low of $324.50 to a high of $333.62. Yesterday, the shares fell 4.6%, which took the trading range below the 3-day low of $337.50 on volume of 1.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Boeing Co/The. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Boeing Co/The in search of a potential trend change.

Boeing Co/The share prices have moved between a 52-week high of $394.28 and a 52-week low of $274.00 and are now trading 19% above that low price at $326.79 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

Keywords: rebounders boeing co/the

Ticker(s): BA