Boeing Co

By root | October 15, 2007 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.




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