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- Wall street is expecting that Boeing will announce a major order for 787 Dreamliner jets from United Airlines
- Bulls Are Pushing the Stock price to a new high. It is currently trading near the value of $186
The Boeing company is one of the largest aerospace industry in the world. Wall street is expecting that Boeing will announce a large order for 787 DreamLiner Jet. Wall street journal has previously reported that United is looking to order around 100 planes. They want to replace their old jets.Meanwhile Reuters has also reported that the Air India is close to ordering around 500 jetliners which is worth more than tens of billion of dollars.
The Boring company has also announced that they will be donating $300,000 Dollars through their Boeing Trust fund to indonesian earthquake victims. BA stock price is just inches away from the 52 week high.
The Boeing Company has a market capitalization of 111.04 Billion. It has an EPS of -8.28 with a 52 week high of $229
Bulls Are Looking To Push The BA Stock Above 52 week High
The weekly technical chart of the BA stock price suggests a consolidated trend in price. On coming to the daily chart the asset price is currently near the value of $186 with a gain of more than 3.75%. The asset price is currently trading above the 50 and 100 Daily Moving Average. There is a positive crossover in the asset price which can push the price to a further new high. Resistance of BA stock price can be seen near $200.Meanwhile the support of the stock price can be observed near $150.
MACD of the asset price suggests a consolidated trend in the price.
Conclusion
Boeing might see a strong order worth more than tens of billions of dollar which can increase the profit revenue. BA stock price is currently seeing a strong upside trend which can push the price to a new high.
Technical Levels
Major Support:$150
Major Resistance:$200
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
