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BA - Boeing
Co
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August 30, 2006
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Last Trade
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$75.02
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Volume
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3,850,800
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52-Week High
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$89.58
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52-Week Low
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$62.01
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Commentary:
Over the past
few weeks we've mentioned several stocks that have tested the support of a
long-term trendline. As you can see from the chart below, today's chart is
no different. We've chosen to look at Boeing because it has a stock price
near an influential long-term trendline. As you can see from the chart
below, the ascending 3.5 year trendline has propped up the price numerous
times in the past and it will be interesting to see if the price will
bounce off of it once again. We'd expect to see the long-term trend
continue upward until the bears send the price below the support, which is
currently at $75.
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Happy Trading,
Casey Murphy,
Senior Analyst, ChartAdvisor
Previous Chart Alerts:
QQQQ
AGE
RMD
DE
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