There are a couple of leading stocks that are trading lower this afternoon. These stocks are worth noting because they could lead the markets lower if the major stock indexes begin to decline or sell off tomorrow.
Boeing Co.(NYSE:BA) is the worlds leading aircraft manufacturer. The stock is trading lower by 0.46 cents to $74.06 a share. Traders can watch for intra-day support around the $73.66 level. Should BA stock begin to trade higher, traders should watch the $74.40 level as intra-day resistance. The daily chart still remains weak with some minor support around the $72.40 area.
Corning Inc.(NYSE:GLW) is another leading stock that is trading lower this afternoon despite the large market rally. GLW stock is trading lower by 0.24 to $17.68 a share. This stock will have intra-day support around the $17.40 area. Should GLW somehow rally higher the stock will have good intra-day resistance around the $17.85 area. This stock remains very weak on the daily chart trading below all of the major moving averages. This daily chart pattern puts GLW in a poor technical chart position for the near term.
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