Monday, March 13, 2006

Boeing cruises

Also hitting a 52-week high, BA remains stuck under the $75 level. The stock has developed resistance here, so a move above $75 would be telling. BA is in week 141 of its bullish trend, and has the longest bull trend of all the Dow Jones Industrial stocks. This week's Barron's cover story detailing Boeing's turnaround and resurgence over the last five years paints a positive picture for Boeing and its battle with Airbus. Look for the BA bullish trend to continue.
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