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Boeing Co - Daily

By Minipip
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The stock's share price currently sits at $142.40, both of the indicators are positive. Potentially an opportunity for investors prior to the earnings.

Boeing is another key player who is due to report its quarterly earnings this week. From a technical aspect, its shares are currently trading at $142.20 a share. Towards the upside, the first resistance level sits at $144.69 followed by a further resistance level at $146.95 (just below the 50% Fib). A break above the $146.95 price level could see the stock climb towards the 61.8% Fibonacci retracement. On the other hand, towards the downside, the first support sits at $139.18 followed by further support at $136.70. A break below the $136.70 support could see the share price fall towards the 23.6% Fib retracement where the share price rests at $133.01. Looking at the indicators, RSI reads 56 suggesting positive and MACD is also positive.

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