Boeing shares climbed 3.1% to close at 210.71 on the stock market today but hit resistance at the 50-day line, according to MarketSmith chart analysis. Key 737 Max supplier Spirit AeroSystems (SPR) rallied 2.7% and engine maker General Electric (GE) rose 0.9%.
Transport Canada said Monday that the Boeing 737 Max can resume flights in Canadian airspace after that agency validated design changes in December.
"Canadians and the airline industry can rest assured that Transport Canada has diligently addressed all safety issues prior to permitting this aircraft to return to service in Canadian airspace," Transport Minister Omar Alghabra said in a statement Monday.
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