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TMCNet: Watch for Shares of Boeing (BA) to Approach Support at $73.10

[January 17, 2013]

Watch for Shares of Boeing (BA) to Approach Support at $73.10

Jan 17, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Boeing (NYSE:BA) opened today below their pivot of $74.18 and have already reached the first level of support at $73.72. Should the shares continue to fall, the support pivots of $73.10 and $72.02 will be of interest.


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 $73.36, which is 10% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

Potential upside of 20.0% exists for Boeing, based on a current level of $73.36 and analysts' average consensus price target of $88.05. Boeing shares should encounter resistance at the 50-day moving average (MA) of $74.41 and support at its 200-day MA of $72.89.

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

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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