After Yesterday's Decline of 2.01%, Boeing Offers Investors Better Value

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Jan 07, 2013 (SmarTrend(R) News Watch via COMTEX) -- Boeing (NYSE:BA) traded in a range yesterday that spanned from a low of $75.34 to a high of $77.69. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $76.37 on volume of 7.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

In the past 52 weeks, shares of Boeing have traded between a low of $66.82 and a high of $78.02 and are now at $76.12, which is 14% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Boeing on November 26th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $73.75. Since that recommendation, shares of Boeing have risen 5.3%. We continue to monitor BA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com

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