by Keith Fitz-Gerald
1. Set a trailing stop at a past resistance point – $295.00 per share, for example – or by using a simple percentage retracement from the company’s high of $371.60 a share on Feb. 28, 2018.
2. Second, geopolitical tensions are higher than they’ve been in 70 years, which means that Boeing’s military contracts are rock-solid and likely undervalued. Military defense spending makes up 22.54% of company revenues.
3. Placing lowball orders at ridiculously low prices is a great way to do that. A quick look at the chart tells me that $255.00 is in the neighborhood because it’s consistent with past support.
Source: Money Morning
http://dailytradealert.com/2018/03/20/h ... ar-target/