Boeing has delivered year after year. BA is sitting below 360 on very clear flag formation, poised for breakout into new 'forever highs'.
Well, ride it while you can. Remember its one of only 30 Dow component's. Is the Dow manipulated at times? Absolutely. Each $1 of a BA move is worth about 6.8 Dow points so if the DOW sells off big, its gonna take BA with it. Just stay alert.BA's cycle is nothing but up. Look at the returns...
You see what it did on the left side of that chart right?BA's cycle is nothing but up. Look at the returns...
You see what it did on the left side of that chart right?
That chart says it all. Either Boeing was seriously undervalued for the better part of the last 2 decades.... or its come too far too fast. Are their revenues up 300% in the last two years?Maybe it's the slope of that 200 day moving average. It's almost perfect. Consistent, year after of growth.
See, the magic happened around its 100th anniversary in 2016:
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