Boeing tries to vent off overbought saturation - Analysis - 20-07-2018

Boeing's stock (BA) fell in the intraday levels, as traders collected recent short-term profits, while the stock gathers momentum to help it rise anew, by venting off overbought saturation in the RSI, marking thereafter a 1.36% loss in the last session, or 4.90 points, amid the dominance of the main upward medium-term trend, with negative pressure from the 50-day SMA. 

Therefore we expect the stock to return higher, as long as the support of 347.67 holds on, targeting the pivotal resistance of 371.60.