Boeing (Ticker: BA) reported a massive second-quarter loss of $2.9 billion on Wednesday — its worst ever — as costs pile up for the aerospace giant while its flagship 737 Max jet remains grounded after two fatal crashes.
Shares of Boeing declined 2% from its previous close of $373.07, helping to drag down the Dow Jones Industrial Average.
Not great news right? But what did happen was Boeing came right down to key support at the 200-DMA. This provides us with opportunity.
Click the video below to see our set-up.
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