Boeing (NYSE: BA) Hits New 52-Week High

Shares of Boeing (NYSE:BA) traded at a new 52-week high today of $73.88. Approximately 861,000 shares have traded hands today vs. average 30-day volume of 5 million shares.

Boeing is currently trading at $73.76, approximately 40.1% above its 50-day moving average of $64.10. SmarTrend will be monitoring shares of BA to see if this bullish momentum will continue.

SmarTrend is bullish on shares of Boeing and our subscribers were alerted to Buy on November 23, 2009 at $52.66. The stock has risen 40.1% since the alert was issued.