BA broke resistance levels at $234 and then $242 lvl and we saw it gap up to the $250s as planned now I believe we are in a good break out! Institutions have been adding aggressively the las couple of days, as you know the saying follow smart money or get in before they do! This data I got from a finviz scan which looks for the biggest adds by institutions on the daily basis. I wanted to show on the graph some of
BA previous jumps when it broke out and we all know past performance does not generally mean that will happen but it can serve as guidance as Jim Cramer himself puts it "WHEN
BA RUNS IT RUNS!" As you can see some of its latest jumps have been huge in a small time period all a month or less, I think we see $300 in the next 3-4 weeks and quite possibly even more with the hype of the stimulus bill = aid to airlines = more planes. Tech will lead the market soon enough but industrials and airlines / cruise lines will lead for a couple of weeks more as part of the re-opening trade. Fundamental news
BA currently in talks to receive new orders from southwest as well as it recently announced that it finally had more orders than cancellations in 14 months! last Tuesday so good fundamentals as well!Lets hope for the best! Good luck. Not financial advice!
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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.