Can Boeing Continue This Bull Run?

With shares of Boeing (NYSE:BA) trading around $85, is BA an OUTPERFORM, WAIT AND SEE or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:

C = Catalyst for a Stock’s Movement

Boeing is an aerospace company that engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. As technology advances and military spending coontinues, Boeing is well-positioned in an area that will continue to see profits. Look for developments in the company to continue and revenue to follow.

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T = Technicals on the Stock Chart are Strong

Boeing stock has been a part of an uptrend consisting of higher highs and higher lows over the last few years. Just recently, the stock broke above a multi-year resistance zone. There may now be clearance for the stock to head towards previous highs. Price action is signaling a move higher in Boeing stock…

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