The bearish DailyPlay we chose for Wednesday May 13th is The Boeing Company (BA). BA is part of the Industrial Sector (XLI). XLI traded lower on Tuesday after bouncing off its $56.83 resistance level. However, both 1-month and 6-month trends remain bullish.
The Boeing Company’s 1-month trend is bearish and 6-month trend is neutral as it bounces lower off its $146.82 resistance level. BA looks positioned to move lower as it continues to show negative momentum.