Boeing Is on the Verge of a Key Signal
After two months of downside, Boeing may be ready to take off.
Notice the downward-sloping trendline in the aerospace giant. BA ended last week above it and is continuing higher today.
Second, the 8-day exponential moving average (EMA) is on the verge of crossing above the 21-day EMA. This is common signal for intermediate-term momentum turning more bullish. MACD is giving a similar indication.
Finally, last week had a bullish inside candle. That can suggest the longer period of weakness is ending and prices are changing direction.
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Notice the downward-sloping trendline in the aerospace giant. BA ended last week above it and is continuing higher today.
Second, the 8-day exponential moving average (EMA) is on the verge of crossing above the 21-day EMA. This is common signal for intermediate-term momentum turning more bullish. MACD is giving a similar indication.
Finally, last week had a bullish inside candle. That can suggest the longer period of weakness is ending and prices are changing direction.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
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