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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