Boeing widens gains - Analysis - 17-07-2019

Economies.com
2019-07-17 14:12PM UTC

Boeing's stock rose in the intraday levels with positive support from the 50-day SMA, while trading alongside the upward medium-term trend line, as the RSI reached overbought levels, with the stock bolstered by a positive pattern that formed recently, the Falling Wedge pattern.  

 

Therefore we expect more gains for the stock, targeting the resistance of 380.00, as long as the support of 350.00 holds on. 

 

Expected trend for today: Bullish 

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