Today, Boeing (BA) surged higher, fueled by optimism surrounding the company’s outlook. Reports indicate that Boeing expects a year-over-year increase in FY26 deliveries for its 737 and 787 models. Additionally, the Department of Justice penalty, which had weighed on the stock, is now expected to impact 2026 instead of the current fiscal year. Investors are also watching Boeing’s upcoming completion of its Spirit AeroSystems acquisition, which is slated for later this year, adding another potential catalyst for the stock.
The chart shows a significant rally today, accompanied by the heaviest trading volume seen since the summer. This volume spike underscores strong buying interest and suggests that investors are confident in Boeing’s near-term prospects. However, technical traders should note a key resistance area on the chart. There is a gap between $210 and $213, which aligns with prior lows from September that previously acted as support. In technical analysis, such zones often flip roles and act as resistance once approached from below. Given the current momentum, it is likely that this resistance area will be tested in the coming days. Watching how the stock reacts around $210–$213 could provide insights into the next leg of the rally or a potential pullback.
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