menu-caret
As seen on:
ntv-logo sky-logo comedy-central-logo

Boeing broke out of $370 today. What's the near term outlook for the company's shares?

Boeing broke out of $370 today. What's the near term outlook for the company's shares?
Asked by
John Noronha categorie-icon time-icon7 months ago
1 Answer Answer Question

Ignatius Bose
Answered time-icon7 months ago

After days of dilly dallying in the $370-390 range, Boeing (BA) finally broke out and is on the verge of a sharp correction. Today’s opening below key supports at $372 also signify the breakout of the inverted pennant formation and unless prices nip back to settle above $372, the stock could plunge to $315-320 in the next few days, meeting the breakout targets of the continuation chart pattern.

Login or Register to answer this question

question-icon 1 view-icon 202