Watch This Boeing Co (BA) Bounce Level

President & CEO Chief Market Strategist at IntheMoneyStocks.com • Jan 13, 2021 at 10:02 AM EST

Leading aerospace firm, Boeing CO (BA), has been pulling back since December 7th, 2020. At that time, the stock was flying high trading as high as $244.08 a share.

Leading aerospace firm, Boeing CO (BA), has been pulling back since December 7th, 2020. At that time, the stock was flying high trading as high as $244.08 a share. Since that pivot top the shares have been steadily declining. Boeing CO (BA) stock is now trading around $206.00 a share. Traders should watch for daily chart support around the $187.00 area.

This is where there is a major gap fill in the chart from November 13th, 2020. There is also a rising 100-day moving average just below that level adding strength to the support area. Aggressive swing traders can look for a bounce in Boeing Co (BA) stock around that $187.00 area.

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