DailyPlay for Thursday September 24th, 2015 – Boeing Co (BA)
The bearish DailyPlay we chose for Thursday September 24th is Boeing Co (BA). BA is part of the Industrials Sector (XLI). Over the last month, XLI has experienced a 2.12% move lower as both the 1m and 6m trends remain bearish and recently broke below its $51 support level.
Boeing Co’s 1m and 6m trends have turned bearish today and BA recently bounced lower off its $138 resistance level with negative momentum. With a technical score of 5 (out of 10), BA looks positioned to continue this strong bearish trend lower towards its $115 support level.