InTheMoneyStocks
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Boeing $BA Is Falling Again, Here's The Chart Level You Should Know
Boeing Co (NYSE:BA) continues to remain one of the most volatile stocks in the market. Traders and investors simply cannot find a stabilizing stock price at this time. Since the unfortunate Ethiopian Airlines accident the stock has been stuck below the important psychological $400.00 level. Today, the shares of BA are trading lower by $19.29 to $362.64 a share. The catalyst for today's decline in the stock is due to the company announcing it will temporarily cut its 737 Max production from 52 planes to 42 planes a month. Boeing Co is scheduled to report earnings on April 24, 2019. Until that time, the stock is going to see more choppiness and volatility. The one level that I will be watching for the stock will be around the $330.00 area. This key support level is where the stock broke out on January 8, 2019. Once it is retested it should serve as solid support and a likely level to see institutional sponsorship.
Nick Santiago
InTheMoneyStocks
Boeing Co (NYSE:BA) continues to remain one of the most volatile stocks in the market. Traders and investors simply cannot find a stabilizing stock price at this time. Since the unfortunate Ethiopian Airlines accident the stock has been stuck below the important psychological $400.00 level. Today, the shares of BA are trading lower by $19.29 to $362.64 a share. The catalyst for today's decline in the stock is due to the company announcing it will temporarily cut its 737 Max production from 52 planes to 42 planes a month. Boeing Co is scheduled to report earnings on April 24, 2019. Until that time, the stock is going to see more choppiness and volatility. The one level that I will be watching for the stock will be around the $330.00 area. This key support level is where the stock broke out on January 8, 2019. Once it is retested it should serve as solid support and a likely level to see institutional sponsorship.
![BA%204.8.19.png](/proxy.php?image=http%3A%2F%2Fwww.inthemoneystocks.com%2Fimages%2FBA%25204.8.19.png&hash=b01c535fb7b0a12d42235650cffcb2f5)
Nick Santiago
InTheMoneyStocks