Watch These Boeing Price Levels as Stock Slips After South Korean Crash
Key Takeaways
- Boeing shares fell more than 2% Monday after South Korea ordered an inspection of all 737-800 planes in the aftermath of a Jeju Air crash over the weekend that killed 179 people.
- The shares have trended higher after breaking out from a falling wedge on above-average volume earlier this month, signaling a potential bullish reversal.
- Investors should watch important overhead areas on Boeing’s chart around $192, $243, and $270, while also monitoring a crucial support level near $140.
Boeing (BA) shares will likely remain on investors’ radar screens after slipping more than 2% Monday following news that South Korea ordered an inspection of all 737-800 planes in the aftermath of a Jeju Air crash over the weekend that killed…
