Wednesday, April 23, 2008
Boeing Flying High
Sorry, I truly can't help myself when it comes to title puns.
Boeing reported earnings today, and the street apparently liked what they heard - check out the volume. I like what I see on this chart. BA has been beaten down since October, and has now escaped the downtrend channel. It put in a good base around $74. The 50DMA is beginning to turn upwards, and should support the stock.
THE GAMEPLAN:
Try to pick up some BA in the 79-80 range. Stop out below 74 or 75.
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