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Could Get Nasty: What This Trend Line On Boeing Co $BA

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Money Talk > Investing, Stocks and Bonds

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inthemoneystock
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Could Get Nasty: What This Trend Line On Boeing Co $BA  Reply with quote  

Shares of Boeing Co (BA) have been hovering just off of all-time highs for the last 8 months. Trade war fears have kept it from making new highs as apparent distribution continues. Distribution is where big money sells to smaller investors or dumb funds. As of now, Boeing is safe. However, if it breaks the trend line shown on the chart below, watch out below. The stock could fall quickly to $300 or below. This trend line is a major technical support that has been holding. If it gives way, there is nothing below until $295.00.





Gareth Soloway

InTheMoneyStocks
Post Mon Aug 06, 2018 6:06 pm
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