Tuesday, 1 March 2016

BA - climbing with the main market

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.

BA, daily

BA, monthly


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.