Boeing may rise to 208.50 - 215.10

Our pivot point is at 176.2.

Our preference

The upside prevails as long as 176.2 is support.

Alternative scenario

The downside breakout of 176.2 would call for 165.7 and 159.2.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 182.5985 and 178.935).

Supports and resistances

221.6 **

215.1 *

208.5 **

202.1

185.42 (USD-last)

180.3

176.2 **

165.7 *

159.2 **

Number of asterisks represents the strength of support and resistance levels.