Thanks to some algo-based low-volume jiggery-pokery Boeing's stock managed to bounce off its 50DMA and get back up to VWAP (surprise). In the meantime, the overall volume has exploded to its highest since December 1998 - when Boeing was under a probe from Europe for price-collusion with Airbus (likely will be highest ever). The Dow recovered on this bounce too - until it was confirmed that a second Boeing 787 issue was confirmed by Thomson Airways in the UK.
Highest volume in 15 years (and likely will be highest volume ever)
as Boeing bounced then fell again to VWAP...
A Boeing 787 Dreamliner operated by Britain's Thomson Airways flying to the United States from northwest England was forced to return to Britain due to technical issues as a precaution on Friday, the airline said.The incident was unrelated to a fire aboard another Dreamliner operated by Ethiopian Airlines while on the ground at Britain's Heathrow airport.
"Thomson Airways can confirm that flight TOM126 travelling from Manchester to Sanford, Florida experienced a technical issue and the aircraft returned to Manchester Airport, as a precautionary measure," Thomson Airways, owned by TUI Travel , said in a statement.
The company added that passengers had disembarked and that its engineers were inspecting the aircraft in Manchester.