01.06.2015 - Shares of Boeing reached a local minimum

Boeing's stock price after correction within the local downward channel and a consolidation near the level of 147.30, renewed decline and reached a local minimum of about 140.50. In case of breaking through this mark we are likely to expect a continuation of the downward movement of the price to the levels of 135.60 and 128.60. To change the current negative trend to positive, the price needs to break through the upper boundary of the channel and to overcome the level 147.30. We recommend to wait for the signal for opening positions.

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