Stock Of The Day: Boeing Lands Some Good Lessons, Here's A Technical Analysis
BABoeing(BA) Benzinga·2024-11-06 02:22

The Boeing Company BA settled with its union. Shares are trading down fractionally.The chart of the stock offers some technical analysis lessons that can lead to profits. This is why it is our Stock of the Day.If a stock is trending lower, like Boeing was in late April, there aren't enough buy orders to fill all the sell orders. Traders who wish to sell are forced to push the price lower to get buyers interested.But at a support level the dynamic changes. There is enough demand to absorb all the supply. Som ...