Long-term Investors Should Build Position
Long term investors should consider building a position in Boeing between the $185-$130 levels. Traders should be hesitant as it is possible to retest 130 support. The Coronavirus will continue to inflict volatility on the market; however, Boeing is primed for a run into the mid 200's. A reiterated May estimate for the 737 MAX approval looks promising and the Coronavirus will reach apex before Summer. Boeing still faces challenges ahead, but with these two colossal problems out of the way, there is a lot of runway for this stock to run. BUY IT AND HOLD IT
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.