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Watch for Boeing Co/The to Potentially Rebound After Falling 2.80% Yesterday

By James Quinn

Boeing Co/The (NYSE:BA) traded in a range yesterday that spanned from a low of $322.71 to a high of $328.82. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $330.43 on volume of 2.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Boeing Co/The have traded between a low of $292.47 and a high of $446.01 and are now at $323.74, which is 11% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Boeing Co/The on July 26th, 2019 by issuing a Downtrend alert when the shares were trading at $345.21. Since that call, shares of Boeing Co/The have fallen 3.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders boeing co/the

Ticker(s): BA