Watch These Boeing Price Levels as Stock Hits Turbulence After Lower Plane Deliveries
Key TakeawaysBoeing shares were among the few decliners in the Dow Jones Industrial Average Wednesday, one day after the aircraft maker reported a decline in 2024 plane deliveries.The stock has carved out a potential inverse head and shoulders between August and January, a classic chart pattern that signals higher prices.A measured move price target, which calculates the distance between the inverse head and shoulders’ head and its neckline, then adds that amount to the top of the pattern, forecasts a bulli ...