BBTrader30
Short

Boeing for a Rubberband Snapback to the downside

NYSE:BA   BOEING CO
Boeing on the daily chart had a good 4 day run, now its over extended and crossed the upper Bollinger Band . It is extremely overbought as well with over 90 stochastics. You can expect a retracement of 3-5% back to its moving average. A vertical put spread over the next 2 weeks could generate some solid profit.
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