Boeing already looking overstretched pre-Trump announcement

Eyes are on Boeing at the moment, following President-Elect Trump's remarks on the possible future of Air Force One.

It is worth noting that Boeing is already looking overstretched at current levels - momentum studies are overbought and prices are now trading in the historic distribution top from 2015-2016 - and risk/reward is turning lower.

Could Trump's remarks provide the catalyst for the corrective pullback?