Boeing tries to vent off overbought saturation - Analysis - 07-04-2021

Economies.com
2021-04-07 12:13PM UTC

Boeing's stock (BA) fell 1.62% in the last session while gathering positive momentum and venting off overbought saturation in the RSI, as the stock trades alongside the upward short-term trend line, with positive pressure from the 50-day SMA.

 

Therefore we expect the stock to return higher and target the important resistance of 278.25, provided it holds above 253.60. 

 

Expected trend for today: Bullish 

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