Boeing Company (The)
Long

BA setting up for potentially strong move

117

- BA's EMAs have crossed bullishly and are developing angle and separation.
- Its RSI has popped above 50, suggesting a shift to positive momentum.
- Its stochastic is on the borderline to cross through 70. A move above, will add to the positive momentum argument. The longer it maintains above 70, the greater the likelihood of further price appreciations.
- Overhead resistance is at 238. A break above will be regarded as a bullish development.

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