Boeing is a standout in the aerospace sector. While many stocks in that sector have outperformed the market in 2022, and some (Raytheon Technologies, AAR Corp, and Hexcel) are in positive territory altogether, Boeing stock is down as much as 36% in 2022 and 48% over the past year. So what's going on? And is this drop a buying opportunity?
Our Analysis:
As long as the price is below 142.00, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 136.49
- Take Profit 1: 116.00
- Take Profit 2: 106.00
Alternative scenario:
If the level of 142.00 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 142.00
- Take Profit 1: 157.00
- Take Profit 2: 175.00
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