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)
[6]
as Boeing bounced then fell again to VWAP...
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from Reuters
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.