Potential Bear Flag in Boeing
Boeing has climbed since its last earnings report, but some traders may look for longer-term selling pressure to resume.
The first pattern on today’s chart is the series of higher highs and higher lows since early May. Notice how the aerospace stock seems to have made a lower high in early July. That may be considered a bearish flag resolving to the downside.
Next, some short-, intermediate- and long-term moving averages are close together: the 8- and 21-day exponential, plus the 50- and 100-day simple. Those could suggest a consolidation phase is nearing an end.
Third, Bollinger Bandwidth is starting to expand after narrowing. Will that period of price compression give way to expansion?
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The first pattern on today’s chart is the series of higher highs and higher lows since early May. Notice how the aerospace stock seems to have made a lower high in early July. That may be considered a bearish flag resolving to the downside.
Next, some short-, intermediate- and long-term moving averages are close together: the 8- and 21-day exponential, plus the 50- and 100-day simple. Those could suggest a consolidation phase is nearing an end.
Third, Bollinger Bandwidth is starting to expand after narrowing. Will that period of price compression give way to expansion?
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at https://www.TradeStation.com/DisclosureOptions. Before trading any asset class, customers must read the relevant risk disclosure statements on https://www.TradeStation.com/Important-Information/. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit [url =tradestation.com/DisclosureTSCompanies] TradeStation.com/DisclosureTSCompanies for further important information explaining what this means.
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