Boeing gathers positive momentum - Analysis - 18-10-2018

Boeing's stock fell in the intraday levels as the stock gathers momentum to help it rise anew, recording a loss of 0.75% in the last session, or 2.75 points, amid the dominance of the upward trend in the medium and short terms, with positive support from the 50-day SMA, while a positive divergence forms in the Stochastic indicator as shown below the attached chart. 

Therefore we expect the stock to return higher, as long as the support of 352.37 holds on, targeting the resistance of 394.28. 

Expected trend for today: Bullish