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Boeing Is Back Into All Time Highs: How To Trade It

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inthemoneystock
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Boeing Is Back Into All Time Highs: How To Trade It  Reply with quote  

The Boeing Company (NYSE:BA) is back into its $108.15 double top, all time high. Just last week, BA hit this $108 level and collapsed after a fire was reported at Heathrow Airport. The stock fell in one day from $108.15 to $98.99. This was an epic one day fall on heavy volume. Since then, the stock has spiked back into that same level. Based on the volume level and the significance of this high last week and in 2006, a pull back should come in. In addition, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is into a double top resistance area. Look for a pull back on Boeing off this level in the coming weeks.

Gareth Soloway
InTheMoneyStocks
Post Thu Jul 18, 2013 4:45 pm
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littleroc02us
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Re: Boeing Is Back Into All Time Highs: How To Trade It  Reply with quote  

quote:
Originally posted by inthemoneystock
The Boeing Company (NYSE:BA) is back into its $108.15 double top, all time high. Just last week, BA hit this $108 level and collapsed after a fire was reported at Heathrow Airport. The stock fell in one day from $108.15 to $98.99. This was an epic one day fall on heavy volume. Since then, the stock has spiked back into that same level. Based on the volume level and the significance of this high last week and in 2006, a pull back should come in. In addition, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is into a double top resistance area. Look for a pull back on Boeing off this level in the coming weeks.

Gareth Soloway
InTheMoneyStocks


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Post Thu Jul 18, 2013 7:30 pm
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coaster
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Ditto. A post like that is not a discussion-starter.

~Tim~
Post Fri Jul 19, 2013 3:50 am
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LottomagicZ4941
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I would stay away from a drop on heavy volume.

Suprised to learn that Boeing is near a high. Haven't heard anything good about them. Not that I have done any serious research. Just the mussings about their battery problems.

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Post Fri Jul 19, 2013 7:59 pm
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coaster
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I shoulda bought BA back when that idiot Phil Condit was mis-running the company and the stock was $35. I thought about it but couldn't quite pull the trigger. Man .... of the ones that got away!!!! Confused

~Tim~
Post Sat Jul 20, 2013 4:57 am
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Radix3d
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$5 in book value per share and it's trading at $106? That's crazy expensive or am I missing something?
Post Sun Jul 21, 2013 8:10 am
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coaster
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Yes, but it's on the uptrend after being negative five years ago.

Some of their other metrics are pretty attractive; looking very growth-stocky. I don't think I'd buy it now at this price; but apparently the investors are looking at the good numbers and ignoring the bad. Very typical for a growth stock; but unusual in that you're finding that happening to a lot of very large non-growth-stock type companies these days.

I spent some time yesterday looking for a foreign stock or ETF to add. Couldn't find anything that interested me. So if all the other investors are thinking the same, maybe most of the investment money *world-wide* is piling into the US big-cap stocks. That can't go on forever.

~Tim~
Post Sun Jul 21, 2013 5:38 pm
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Ryaan
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Boeing stock has risen more than 95% over the last 10 years, compared to the S&P 500 Index, which is up 23.5%. EPS for FY13 is $6.45 and $7.12 for FY14, based on sales of $84.9 billion and $92.5 billion respectively. The estimated 2014 revenues to grow by 11% YoY.Boeing’s commercial segment is likely to experience strong growth well into next year.
Post Tue Nov 05, 2013 9:03 am
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