The chart analyst sees a lot of heavy resistance in the chart of Boeing.
Shares of aerospace giant Boeing have been hammered thus far in 2024, with a negative year-to-date return of 44%. The stock's underperformance versus its peers in the S & P 500 Aerospace and Defense Index is staggering, with most stocks in the group having had a strong year. With such a persistent down-move, investors are wondering when it might be time to step back in from the long side.
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