Spirit Aerosystems isn't spirit airlines. It's own by boeing and makes parts for boeing and inovates in the aerospace sector and from its website is also into space with a virgin galactic partnership. Now I've been watching this for awhile, yet I'm still not sure if i should go in but heres some levels I'm looking at.
Current findings
-Their earnings is they are...
The support levels (~19.00 and ~17.00) for SPR have been tested on many occasions. This beaten-up stock has very little downside at current levels. The dismal outlook of the aerospace industry has already been priced in. SPR has a partnership with Virgin Hyperloop to manufacture infrastructure needed to build the next generation of high-speed rails. For a company...
NYSE:SPR
Spirit AeroSystems will rebound, but not right now. All signs point to the price on a decline to below $17. They have halted production for Boeing jets indefinitely, cutting pay, and furloughing workers. Stimulus package will not save them in the short term, as they are too heavily reliant on their largest customer Boeing (80% of revenue). Once the...
Watch SPR weekly. It had its retracement, time to bounce back based on its new supply zone at 63, and the target will be 84 based on Fib retracement:
What do you think?
Possible entry levels $91.27 - $97 - $106. dependent on risk and market sentiment.
Chart is technically bullish with multiple strong rejections of the rising lower trendline.
Moving averages are also in a strong format.
P/E ratio very fair value.
Company profile
Spirit AeroSystems Holdings, Inc. engages in the design and manufacture of aero structures for...
