Boeing Stock Dropped Following News of Air India Crash—These Are the Key Price Levels to Watch
Key Takeaways
- Boeing shares will likely remain in focus after slumping to end last week following news that one of the company’s aircraft was involved in an Air India plane crash.
- The stock staged a news-driven breakdown from a rising wedge pattern in Thursday’s trading session, potentially setting the stage for a deeper retracement.
- Investors should watch crucial support levels on Boeing’s chart around $187 and $163, while also monitoring vital resistance levels near $218 and $245.
Boeing (BA) shares will likely remain in focus after slumping to end last week following news that one of the company’s aircraft was involved in an Air India plane crash on Thursday.
While air safety experts have said that at this time there is no reason…
