Boeing Stock Price Levels to Watch After Plane Maker Upsizes Share Offering
Key Takeaways
- Boeing shares could remain on radar screens Tuesday after the embattled plane maker upsized a share offering announced earlier yesterday in a bid to shore up its finances.
- The stock recently rallied from the lower trendline of a falling wedge pattern but ran into resistance around the 50-day moving average, indicating underlying selling pressure.
- Investors should monitor key support levels on Boeing’s chart around $146 and $121, while also eyeing resistance areas near $192, $234, and $268.
Boeing (BA) shares could remain on radar screens Tuesday after the embattled airplane maker upsized a share offering announced earlier yesterday in a bid to shore up its finances and preserve its investment grade credit rating.
The…
