Boeing stock falls due to FAA investigation

Boeing (BA.US) – The Federal Aviation Administration (FAA) is investigating manufacturing issues affecting certain Boeing 787 Dreamliners. Company confirmed that some flaws were found on some of the planes relate to its fuselage, due to improper spacing, as well as on the horizontal stabilizer at the rear of the airplane. Boeing said that inspections will slow deliveries of its wide-body jets. Company's stock dropped 4% during today's session.

Boeing (BA.US) - last week stock bounced off the downward trendline and is currently testing the $165.00 support level. Should downbeat moods prevail, next support at $145.00 may come into play. On the other hand, once buyers regain control, the nearest resistance lies at the downward trendline, which is additionally strengthened by 50 MA (green line). Source: xStation5

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