Boeing may rise to 202.20 - 209.40

Our pivot point is at 167.

Our preference

Our next up target stands at 202.2.

Alternative scenario

The downside breakout of 167 would call for 155.1 and 148.1.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 175.886 and 179.7858).

Supports and resistances

216.8 **

209.4 *

202.2 **

195

179.99 (USD-last)

171.7

167 **

155.1 *

148.1 **

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