Dow Jones Hot Movers in Focus: Boeing, Bank of America and Kraft Foods

The Boeing Company (NYSE:BA) was the top gainer in yesterday’s session the jumped 3.33 percent to close at $70.98. The traded volume stood at 12 million shares as compared to its average volume figure of 5.84 million shares per day. The share price is also trading near its overbought level as per its RSI of 66.06. Today the share price advanced 0.45 percent to $71.30 with volume of 7.22 million shares for the day. The share price could face correction in coming session as it is trading at near its overbought level.

Bank of America Corp (NYSE:BAC) gained 1.65 percent in yesterday’s session and kept rallying today. The share price surged 1.99 percent to close at $5.64 with traded volume of 280.23 million shares. The stock has still considerable margin for upward movement as per its relative strength index of 45.06.

Kraft Foods Inc (NYSE:KFT) gained 0.97 percent in yesterday’s session while today remained unchanged at $36.50 with traded volume of 9.50 million shares. Correction is overdue for Kraft as the share price is trading near its overbought level as per its relative strength index of 67.19 times.

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Rehan Khan

About Rehan Khan

Rehan Khan has been involved in the financial sector for last 6 years. During that time he has been associated with many financial institutions, banks and brokerages. Rehan is also a graduate in finance and has been writing for last 2 years for various web publications, specializing in US stock markets, penny stocks, forex and commodities.

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