Boeing has been a major underperformer over the last two years but recent price action has seen the manufacturer climb higher gradually. Price recently broke above a major downtrend, posted a bullish MACD crossover and bounced off crucial moving averages. Boeing could be poised to climb higher in the weeks ahead.
US Steel (X) has been on an uptrend for months now as it rides the reflation trade theme. In this uptrend, new highs have been followed frequently by periods of consolidation and clean bull flags. As price falls back toward the longer-term rising trendline, the bull flag is broken and X enjoys a rally. While past performance is not indicative of future results,...
