Boeing (BA) – More Turbulence Ahead – June 13th, 2019
Bearish – BA $347.03 – Industrials
The bearish DailyPlay we chose for Thursday, June 13th is Boeing (BA). BA is part of the Industrial Sector (XLI). XLI has rallied 1.66% higher over the past month but its 1m and 6m trend turned neutral on June 11th and just broke bounced lower off its $42 resistance level.
Burlington’s 1m and 6m trend turned bullish on June 7th but is approaching its $168 resistance level on very low volume and weakening money flow. With a technical score of 6 (out of 10), BURL is a neutral stock that will likely turn lower.
As a stop loss, if BURL was to trade above $168 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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