Boeing has done very well of late, gaining 5% more than the Dow the past 30-days, despite the challenges with the battery systems on the dreamliner. Boeing has been part of the reason for the Dow hitting all-time highs.

Now this key Dow stock finds itself at a price point where a crossroads of resistance comes into play at this 23% Fibonacci level of its large 2007-2009 decline. This price level is also important because its the right shoulder of a head & Shoulders topping pattern before a 60% decline back in 2007. If long this stock the Power of the Pattern would suggest to put a stop a few percent below current prices to protect gains achieved.

Will investors exit this high flyer?  A break above these price levels would be good for Boeing and the Dow.  Keep a close eye on BA in the upcoming weeks!!!


How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past