Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Fire was reported to have erupted in a Boeing jet operated by Peruvian Airlines on March 28th during landing at an airport close to the Andean town of Jauja, Peru. Reuters reported that no severe injuries had been caused to passengers, citing a government minister. Boeing Company (BA) said it was obtaining information in regard to the incident, which occurred at around 4:30 PM local time.

Boeing shares closed higher for a second straight trading session on Tuesday. The stock went up 0.72% ($1.26) to $177.36, after touching an intraday high at $177.68, or a price level not seen since March 23rd ($177.85). In the week ended on March 26th the shares of the aircraft maker lost 2.38% of their market value compared to a week ago, which marked the second drop in the past seven weeks and also the worst performance since the week ended on February 5th. The stock has pared its slump to 1.59% so far during the current month, following a 10.29% surge in February. The latter has been a sixth straight month of gains and also the best monthly performance since October 2015. For the entire past year, the shares of the NYSE-listed plane manufacturer gained 7.67%.

According to a statement by Peruvian Airlines, the Boeing 737-300 aircraft pulled off the runway for no specified reasons during the scheduled landing, after it made a right-hand swerve. The carrier stated that all 141 passengers on board had been evacuated successfully.

“The plane couldnt stop on the runway and they made a maneuver to stop it with the wing and that appears to have caused the fire”, Interior Minister Carlos Basombrio said in an interview with local broadcaster RPP, cited by Reuters.

Daily and Weekly Pivot Levels

With the help of the Camarilla calculation method, todays levels of importance for the Boeing stock are presented as follows:

R1 – $177.61
R2 – $177.85
R3 (Range Resistance – Sell) – $178.10
R4 (Long Breakout) – $178.83
R5 (Breakout Target 1) – $179.69
R6 (Breakout Target 2) – $180.08

S1 – $177.11
S2 – $176.87
S3 (Range Support – Buy) – $176.62
S4 (Short Breakout) – $175.89
S5 (Breakout Target 1) – $175.03
S6 (Breakout Target 2) – $174.64

By using the traditional method of calculation, the weekly levels of importance for Boeing Company (BA) are presented as follows:

Central Pivot Point – $176.95
R1 – $179.12
R2 – $182.43
R3 – $184.60
R4 – $186.78

S1 – $173.64
S2 – $171.47
S3 – $168.16
S4 – $164.86

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Forex Market: GBP/USD falls to a one-week low as UK annual GDP shrinks more than expected in MayForex Market: GBP/USD falls to a one-week low as UK annual GDP shrinks more than expected in May GBP/USD extended losses from the previous trading day and touched a fresh one-week low in early European trade on Tuesday after a report by the UK Office for National Statistics showed a larger-than-anticipated GDP contraction in May. […]
  • Volkswagen on pressure by labor unionVolkswagen on pressure by labor union Volkswagen the car manufacturer is considering a deal with the labor union IG Metal for wage raise of workers at German factories. According to Reuters more than 100 000 workers are going to be covered by the deal just as the automobile maker […]
  • Natural gas trading outlook: futures gain ahead of US inventories reportNatural gas trading outlook: futures gain ahead of US inventories report Natural gas futures were higher during early trade in Europe today. Weather forecasts project a cooler few days for most of the northern half of the US, while natural gas inventories will probably log another sizable weekly gain.Front […]
  • Twitter increases IPO valuation by 25% amid boosted demandTwitter increases IPO valuation by 25% amid boosted demand Twitter reported significant increase in the price range of its IPO by as much as 25% as investors showed improved interest for the stock. The boosted demand would reflect on companys valuation which may jump to over $17 billion at its stock […]
  • Forex Market: USD/NOK daily outlookForex Market: USD/NOK daily outlook During yesterday’s trading session USD/NOK traded within the range of 6.0273-6.0545 and closed at 6.0470.At 7:23 GMT today USD/NOK was losing 0.06% for the day to trade at 6.0460. The pair touched a daily low at 6.0446 at 0:45 […]
  • USD/CAD rose after Canadian CPI dataUSD/CAD rose after Canadian CPI data US dollar recorded gains against its Canadian counterpart on Friday, following the release of consumer price inflation report out of Canada to show that the CPI has slowed down in August.USD/CAD reached a session high at 1.0301 at 12:19 […]