InTheMoney Stocks
Long

BA Is Coming In For A Landing, Watch This Level...

NYSE:BA   BOEING CO
121 3 3
Leading aerospace manufacturer The Boeing             Company is trading lower again this morning. The stock has come under major distribution in 2014 after peaking out in January at $144.57 a share. Today, the Boeing             is trading lower by $2.13 to $124.58 a share. Many traders and investors are now hearing that business is slowing down for The Boeing             Company. Earlier today, the stock was downgraded by BofA/Merrill Neutral from Buy citing potential cancellations in orders and shrinking military programs. Traders and investors must now look to the charts to find important support levels where the stock could stage a bounce and create a trading opportunity. At this time, The Boeing             Company stock should have important support around the $117.75 level in the near term. This was a level where the stock broke out in October 2013. Often, prior break-out levels will serve as important support when retested.

Nick Santiago
Chief Market Strategist
www.InTheMoneyStocks.com
KShamokin
2 years ago
That seems pessimistic - you don't think ~121.30 will hold?
Reply
gatorNic
2 years ago
good call. think it will make it all the way to the support level?
Reply
InTheMoney Stocks gatorNic
2 years ago
Thanks, it is very close to Nicks level now. Its likley it will reach it. Pretty nice move
Reply
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