BA, daily
BA, monthly
Summary
Boeing has effectively ramped around 30% since the low of $102 in February.
On any basis, this is one crazy ramp, and it is notable that during this time Oil has climbed from $26 to the $40 threshold. Unquestionably, higher aviation fuel prices are NOT bullish for the airlines, although I recognise most will have contracts that protect against such price volatility in the short/mid term.
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If the broader market rolls over into the spring, Boeing looks highly vulnerable to breaking below the Feb' low. Any price action <$100, would be suggestive of $75/74, but with the ongoing rally, that is almost 50% lower!
