Boeing shares gain a second straight session on Tuesday, fire erupts in a company jet in Peru, no severe injuries caused

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