Watch These Boeing Price Levels as Stock Hits 2-Year Low on Strike Impact Concerns
Key Takeaways
- Shares in Boeing continued falling Thursday, after the airplane maker earlier this week withdrew its contract offer to striking machinists, prompting rating agency S&P Global to issue a downgrade warning on the company’s debt.
- The stock has spent most of this year descending within a falling wedge, a chart pattern consisting of downward sloping converging trendlines that indicates a potential bullish trend reversal.
- Investors should watch key overhead levels on Boeing’s chart around $192, $234, $268, and $320, while also keeping an eye on an important support level near $121.
Shares in Boeing (BA) continued falling Thursday, after the airplane maker earlier this week withdrew its contract offer to striking machinists,…
