Boeing a Stock with Potential
BA continues to expect at least 810 airplane deliveries this year, which would be a company record. It delivered 378 airplanes in the first half of this year, so the company is only about half way to its closely watched goal.They reported Q2 earnings of $3.33 per share vs. $3.26 per share forecasted by financial analysts.
Reported revenue: $24.3 billion vs. $24.04 billion forecast by financial analyst.
BA improved its adjusted earnings per share and revenue from the same period a year earlier, with the former up 34 percent and the latter up 5 percent.Stock price ranges from 325.00$ to 360.00$ from the beginning of the year and is now trading towards the resistance line, there is growth potential to upper line of the channel at 365.00$ and possible breakout. And if the stock can breakout, we coul expect it to reach 415.00$ level. Additionally if a company will report strong Q3 and Q4 earnings, we could see price go up to 515.00$ level.
LIKE the idea if you wish me to update it!
Related publications
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.