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Value-Invest
Apr 14, 2021 3:57 AM

Boeing In Clear Ascending Channel Long

Boeing Company (The)NYSE

Description

Boeing Current Price - $253.15 Price Target - $320. 
 
 The CDC is now saying once you get vaccinated you dont need to be quarantined to travel. They even said you can travel with a vaccine at “low risk” this is huge for aviation sentiment which was already strong and growing. With consumer saving rates at an all time high and the green light to travel from the CDC expect Boeing to roar next week. Orders for American Airlines & Alaskan Air last week is just the start of new orders for Boeing, after this news more airlines will be looking to make investments into aviation. The recent engine issues that grounded some planes is a minor fix and wont seriously impact Boeing.
Comments
ktaba
Thank you for the analysis. BA flying high to $330!
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