Boeing may rise to 198.10 - 202.60

Our pivot point stands at 174.7.

Our preference

The upside prevails as long as 174.7 is support.

Alternative scenario

The downside breakout of 174.7 would call for 167.1 and 162.8.

Comment

The RSI is above 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 181.086 and 181.1114).

Supports and resistances

207.2 **

202.6 *

198.1 **

193.5

182.31 (USD-last)

177.6

174.7 **

167.1 *

162.8 **

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