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Boeing: stocks can leave the current range this weekOn Wednesday, April of 25, before the opening of the market, quarterly reports will be published by the world leader in the aerospace industry The Boeing 0.05% Company. Some general information: The Boeing Company is the world leader in the aerospace industry. The main operating segments of the company include: commercial aircraft construction (production of passenger and cargo aircrafts); defense and space projects (in particular military aircraft construction, space systems, etc.), global services and support, as well as Boeing Capital (equipment leasing services, asset management). The company's stocks demonstrated the highest growth among the Dow Jones Industrial Average in 2017. The technical picture on Boeing shares in 2018 can be described as flat in a fairly wide range of fluctuations: $ 310- $ 360. As for the long-term picture, the upward trend remains an actual dominant in the movement. The fundamental background this week will naturally be determined by quarterly financial results. Let's note that according to the results of the previous quarter (published on January 31, 2018), the company pleasantly surprised the markets with positive numbers. In particular, EPS significantly exceeded analysts' expectations: $ 4.80 against the average forecast of $ 2.91 (that is, expectations are more than 60% (!)). Other indicators also came out better than expected. For example, revenues were $ 25.37 billion (forecast was $ 24.78 billion), which was also almost 9% better than the result for the same period last year. As we see, the uptrend has a completely material fundamental basis. We think current forecasts will be exceeded as well. The key for this is that the global air transportation market is growing, as is the profitability of this business (which means orders for Boeing products will grow, which again means increased cost savings due to economies of scale and increased business margins, and hence profits in the long run). Note that the segment of commercial aircraft generates over 60% of the company's revenue. We recommend to follow the trend and to buy shares of the most successful company in the US stock market in 2017 (case of Dow Jones industrial). The fundamental background is extremely favorable for the company: sales are growing, as are the number of new orders and the technically upward trend does not give any doubt about the direction of the trade. In total, we recommend to buy from current prices (with an addition in the $ 320 area in the case of local correction) with primary targets around $ 360 and upside potential up to $ 400.
NYSE:BALong
by Trade24Fx
BHP Billiton - Short tradeBHP Billiton, is a trade that we are currently short on from 1408, utilising our absolute return strategy - Trend Following. The chart shows lower highs and breaks to the DS of key horizontal & ascending TL support levels, which the market has failed to hold and has in turn broken further to the downside, after watching the pair consolidate within an equidistant price channel, Price broke down, outside of the EPC and closed below the 200 day EMA ! Giving scope for further downside, subject to price continuing to trade and hold below these two previous key levels of support, now resistance !!! Price closed below these two key levels. As we are trend-following, we don't have a set 'take profit' area, however, if we look at where the market could be heading, we look towards the support levels at 1313. Here we expect price to enter a phase of consolidation / distribution, whilst the market digests the fundamentals and other technical patterns. IF price fails to hold this support level, we could look for BLT to be retesting the lows of April 2016 around 1100 !
BShort
by UnknownUnicorn2262924
Berkshire Hathaway to fall?BRK.A appears to have completed the 5 wave elliott wave structure and is showing signs of downward movement. It seems to be creating a 5 wave structure downwards, which would be the A wave of the corrective cycle. Wave 3 is currently in progress and I would anticipate some consolidation around the trend line to confirm the 3rd wave continuation to the negative fib levels. Alongside this, the moving average also seems to repel prices downwards. From there, there is still a further 2 waves before the A wave is completed. The fourth wave cannot enter price area of where wave one terminated. This is shown by the horizontal line. A will most likely finish around the area of 240,000. Again I am trying to apply my analysis to as much as possible. Any feedback is appreciated. Thanks.
NYSE:BRK.AShort
by EamesAnalysis