Boeing Pullback Tilts Risk-Reward Equation in Reward's Favor
A low-risk strategy would be to buy Boeing here with the understanding that the trade will be closed if the stock breaks below the 200-day moving average.
Late during Wednesday's session, the U.S. Federal Aviation Administration (FAA) issued an emergency order grounding Boeing Co.'s (BA) 737 Max aircraftThe plane was involved in two catastrophic accidents, one in October and one on earlier this week, resulting in a total of 346 fatalitiesNews of the grounding initially caused shares of Boeing to fal...
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