Boeing Faces Price Resistance

Boeing (BA), a civilian and military aerospace company, is trading at an all-time high but the stock faces resistance. After completing a three-stage multi-year price upside, BA moved to the downside and then moved up to test its old highs.

BA has a history of complex price patterns. The head and shoulders top from late 1998 through 2003 includes a multiple top, a double top, steep upsides and downsides plus many short-term cycles.

Related Articles:

Price Patterns - Head and Shoulders Top is a Complex Pattern
Price Upsides Often Occur in Three Stages
Price Patterns - Resistance Levels Are Barriers to Price Upsides

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Posted November 22, 2006.