Trade alert – BE aerospace at New Highs

Shares of BE Aerospace, Inc. booked a new 52 week high today by trading above $42.69, traders are definitely monitoring BE Aerospace’s price action to see if this move attracts further buying into the stock.

BE Aerospace, Inc. manufactures interior products for commercial, military, and general aviation aircraft cabins. The Company serves major airlines and various general aviation customers and airframe manufacturers. Its products include a variety of aircraft seating products, food and beverage preparation and storage equipment, cabin interior structures, and oxygen delivery systems.

BE Aerospace is currently trading -0.31% versus its previous trading session close, and it has calculated support and resistance at $39.76 and $42.69 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -0.11% from its previous trading close, which means that BE Aerospace stock is underperforming the overall market.