Stock Of The Day: Is Boeing Cruising Lower As Strike Looms?
Portfolio Pulse from Mark Putrino
Boeing Co (NYSE:BA) shares may face a downtrend as a potential strike by 33,000 workers looms. The $163 price level, previously a support, has turned into resistance, indicating possible further declines.
September 12, 2024 | 4:06 pm
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Boeing's stock is under pressure as a potential strike by 33,000 workers could disrupt operations. The $163 price level, once support, is now resistance, suggesting a possible downtrend.
The potential strike by 33,000 workers poses a significant risk to Boeing's operations, which could negatively impact the stock price. Additionally, the $163 level turning from support to resistance suggests bearish sentiment, increasing the likelihood of a downtrend.
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IMPORTANCE 80
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