Boeing : Close to a key point
Entry price | Target | Stop-loss | Potential |
---|
US$141.49 |
US$0 |
US$135.5 |
-100% |
---|
Strong fundamentals and a significant threshold as main assets.
Boeing might rebound on the significant threshold currently tested. Indeed, the consensus is mainly on the “buy” side and has set a target price that give an upward potential of 15%. EPS estimates were positively revised over the last 12 months.
The share has been in an accumulation range and now back on the USD 140 support area. This threshold and a low RSI militate for a forthcoming technical rebound.
Consequently, investors may open a long position at current prices and target a reversal toward the USD 154.4 pivot point. A stop loss order should be set at USD 135.
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