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Look for Shares of Boeing Co/The to Potentially Rebound after Yesterday's 4.05% Sell Off

By David Diaz

Boeing Co/The (NYSE:BA) traded in a range yesterday that spanned from a low of $121.85 to a high of $125.07. Yesterday, the shares fell 4.0%, which took the trading range below the 3-day low of $125.20 on volume of 16.0 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 the current low of $0.00 and a high of $391.00 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has fallen 5.9% while the 200-day MA has slid 1.1%.

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.

Keywords: rebounders boeing co/the

Ticker(s): BA