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Watch for Boeing Co/The to Potentially Pullback After Gaining 1.60% Yesterday

By Nick Russo

Boeing Co/The (NYSE:BA) traded in a range yesterday that spanned from a low of $333.65 to a high of $339.74. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $339.67 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Boeing Co/The and will alert subscribers who have BA in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Boeing Co/The has traded in a range of $122.35 to $369.18 and is now at $337.15, 176% above that low. Over the past week, 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