Boeing stages tactical decline - Analysis - 13-10-2021

Boeing's stock (BA) fell 1.27% in the last session amid negative signals from the RSI, while gathering momentum to help it rise anew, as the stock was hurt by exiting a descending price channel that guided recent short-term trading, with support from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the resistance of 240.80, provided the support of 221.10 holds on.

Expected trend for today: Bullish