Boeing Co

AAA

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.




You May Also Like

Related Analysis
  1. Chart Advisor

    Use These Two ETFs To Profit From A Reversal In Gold

  2. Chart Advisor

    Trade Strong U.S. Small Caps with this ETF

  3. Stock Analysis

    Faceboook (FB) Revenue Surges on Mobile Ads - Stocks in the News

  4. Stock Analysis

    Zacks Rank Buys: Infinera (INFN) & PolyCom (PLCM) - Video Blog

  5. Stock Analysis

    Will Occidental Petroleum (OXY) Miss on Earnings in Q4? - Analyst Blog

Trading Center