Boeing Co

By root | October 08, 2007 AAA

For today's chart we've chosen to take a look at Boeing Co. (NYSE:BA) because a double top pattern has formed on the chart. As you can see from the chart below, traders will watch for a move toward the established support level near $94. Once the price nears the support then traders will turn their attention to whether or not the bears are able to send the price below. A close below the identified support will be a technical signal of a long-term shift in the prolonged uptrend.



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