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Stock Of The Day: Will Boeing Prove An Old Wall Street Saying Is True?
Benzinga· 2025-07-01 00:37
Shares of The Boeing Company BA were up by almost 6% Friday. But trading on Monday is quiet. The stock has stalled out at an important resistance level.‘Sell at former peaks' is an old saying on Wall Street. Boeing may prove it to be true once again, like it did earlier this month. This is why we have made it our Stock of the Day.As you can see on the chart below, back in early 2024 Boeing spent a lot of time trading around $215. It was a resistance level. The sellers put a top on it, and then eventually dr ...