Bombardier Inc. T.BBD.A

Alternate Symbol(s): BDRPF | T.BBD.PR.B | BDRXF | T.BBD.PR.C | T.BBD.PR.D | BOMBF | BDRAF | T.BBD.B | BDRBF

Industrials Aerospace & Defense

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.

TSX:BBD.A - Post by User

Bombardier Inc. > Death Cross

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Comment by Nordicoon Feb 23, 2022 12:10am

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Post# 34452624

RE:Death Cross

So your attempt at making a somewhat relevant post is some cliche technical analysis tea-leaf reading mumbo jumbo. Amazing!

Greenday wrote: Before the BBD censorship committee accuses me of something let me point out that I'm not advocating or presenting an opinion. Just offering information. No more no less.

Today BBD closed below it's 50 day moving average of 1.69 by one cent. That is considered a bearish signal in technical analysis. Theoretically the 50 day moving average price which once acted as support is now a resistance level.

A death cross occurs when the 50 day moving average closes below the 200 day moving average. This too is a bearish signal as the 200 day support line price becomes a resistance line price. BBD's 200 day moving average currently sits at $1.59. 9 cents below today's closing price of $1.68.