Watch These Boeing Stock Price Levels Amid Possible News-Related Volatility [Video]

Boeing (BA) stock will be on investors’ radars Monday after Reuters reported Sunday that the company has agreed to reacquire parts supplier Spirit AeroSystems (SPR) for $4.7 billion and that the U.S. Department of Justice (DOJ) will criminally charge the airplane maker with fraud over two fatal crashes and ask it to plead guilty or face a trial.

Amid the possibility for news-related moves in Boeing shares this week, we use technical analysis to identify key chart levels to watch out for.

Taking a look at the weekly chart, Boeing shares have oscillated within a broadening formation since early January last year, helping to establish clear support and resistance areas since that time. The psychology behind the pattern indicates that buyers have become increasingly willing to buy at higher prices, while sellers find motivation to take profits. This creates a series of higher interim peaks in price and lower interim lows, suggesting heightened volatility.

It’s also worth …