Boeing's stock (BA) rose in the intraday levels, while buoyed by piercing the main downward trend line recently in the short term, with support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels, affirming positive divergence, with the stock rising 0.94% in the last session, or 1.61 points, settling at 172.08.
Therefore we expect more gains for the stock, targeting the resistance of 188.00, provided the support of 161.25 holds on.
Expected trend for today: Bullish