With the broader market closing very significantly higher, Boeing (BA) was similarly on the climb, settling +1.5% @ $119.94. Near term outlook offers the gap zone of 123/126.. where the 50dma is lurking. Sustained action >135 looks out of range until late 2016.. at the earliest.
Suffice to add, BA has battled hard to pull up and away from the Feb'11th low of $102.10.
With the sp'500 set to continue pushing upward into mid March, BA looks set for at least another 3-4% before getting stuck.
Broadly, the mid $70s look a valid downside target.. for those who believe the sp'1600s are coming in late spring/summer.