On October 9, we noted that a double top pattern formed on the chart of Boeing Co. (NYSE:BA). In the report we suggested that the bears would likely try to send the stock toward the established support near $94. As you can see from the chart below, the bears did indeed step in and now we believe that traders will likely turn their attention to whether or not the next move will be lower. A close below $94 will be a technical signal of a longer-term shift in the current uptrend.





Nothing contained in this publication is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.

You May Also Like