Time to Book Profits on Boeing
Boeing is flying too high to be sustained! Investors should reduce holdings with the stock above my quarterly risky level, now a pivot at $422.99.
Boeing Co (BA - Get Report) is flying too high to be sustained! At the end of 2018, Boeing closed at $322.50, which resulted in an annual value level at $302.60, a semiannual pivot at $323.80 and a quarterly risky level at $422.99. As 2019 began, the stock traded as low as $309.40 on Jan. 3, within my $323.80 to $302.60 buy zone. My upside target has been $422.99 so it's time to reduce holdings. This week's risky level is $454.14 which is the upper boundary of a sell zone.
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https://www.thestreet.com/investing/stoc...g-14878304
Boeing is flying too high to be sustained! Investors should reduce holdings with the stock above my quarterly risky level, now a pivot at $422.99.
Boeing Co (BA - Get Report) is flying too high to be sustained! At the end of 2018, Boeing closed at $322.50, which resulted in an annual value level at $302.60, a semiannual pivot at $323.80 and a quarterly risky level at $422.99. As 2019 began, the stock traded as low as $309.40 on Jan. 3, within my $323.80 to $302.60 buy zone. My upside target has been $422.99 so it's time to reduce holdings. This week's risky level is $454.14 which is the upper boundary of a sell zone.
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https://www.thestreet.com/investing/stoc...g-14878304
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