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Benzinga
Benzinga
Business
Melanie Schaffer

Why Boeing's Stock Could Be Headed To $260 If This Pattern Dominates

Boeing Co (NYSE:BA) spiked up about 1.5% higher on Thursday morning before rejecting from a descending trendline that has been holding the stock down since Feb. 10.

A descending trendline acts as a resistance level and indicates there are more sellers than buyers even though the price continues to fall.

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