Boeing today at a glance: after dipping down to $184.72 today, the aircraft and rotorcraft manufacturer is recovering but is not yet all the way back to $188.25. Boeing is currently trading at $187.47 following the release of New Home Sales (Nov) data from the United States.
Boeing made an initial break below its 10 day Simple Moving Average at $186.78, a possible indication of a forthcoming negative trend. In contrast, although Boeing is pointing down today (was as low as $184.72), it's climbing away from the $184.56 support line and is now $2.91 above it.
Overall, looking at the technical analysis landscape, it seems Boeing is likely to continue pointing down in the short term.
United States New Home Sales (Nov) released today at 15:00 UTC with a figure of 640,000, while the previous figure was 605,000. Highly important Core Durable Goods Orders data from United States beat analyst expectations of 0.1% with a reading of 0.2%.
The stock has been trending positively for about a month. The past 3 months have been positive for the aircraft and rotorcraft manufacturer as it added 35.71% compared to its 3-month low of $115.86.