Boeing Technical Chart Analysis by Alan Farley
#boieng #ba #stocks
The aerospace giant faces continued COVID headwinds, despite the FAA approval.
Dow component Boeing Co. (BA) rallied to a 5-month high and pulled back in Thursday’s session after the U.S. Federal Aviation Administration (FAA) announced it had cleared the troubled 737-MAX jetliner for a return to flight. Bloomberg then reported that EU approval could come as early as this week, removing the final hurdle to putting the plane back into service since the worldwide grounding in March 2019.