BA - Departure of CEO + Narrowing range = :)Boeing (NYSE:BA) has fired embattled CEO Dennis Muilenburg, who oversaw the company during the 737 MAX crisis. He has been at the helm since July 2015.
4% up on news of CEO departure. Exactly the catalyst needed for a break up north past the narrowing resistance level. Look for break above level 355-360 in coming days.
RSI bouncing back from oversold conditions, bollinger bands breaks on BA have historically prodcuced 5-10% rips up.
The board decided that a change in leadership was necessary to restore confidence in the company moving forward as it works to repair relationships with regulators, customers, and all other stakeholders," according to a press release.
Look to set stop around @ 310, take profit @ 365-370.
As always... DYOR.
