Boeing Under Pressure
Boeing (BA) has been under heavy pressure of late. The stock opened last week with an ugly downside gap just days after testing heavy overhead supply near its 50- and 200-day moving averages. BA slid more than 2.5% last Monday on its second heaviest downside volume this year. The stock recovered most of the loss by Friday's bell, but finished the week with another high-volume loss.
This week began much the same as BA took out its August lows on accelerating trade. Negative comments from Credit Suisse, which believes the stock's estimates are too high, is adding pressure today. This recent heavy action could carry BA lower in the near term....260 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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