Boeing garners positive momentum - Analysis - 18-08-2017

Boeing's stock (BA) fell in the intraday levels, recording a loss of 0.84% in the last session, or two points, as the stock gathers positive momentum to help it rise anew, amid positive divergence in the Stochastic indicator as shown below the attached chart, with the dominance of the main upward trend in the medium and short terms, coupled with positive pressure from the 50-day SMA.

Therefore we expect the stock to return higher, as long as the support of 223.48 holds on, targeting the resistance of 243.99.