Boeing : A strong Q4!
By Alexandre Nutte
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$75.31 | $80 | $73.2 | +6.23% |
Boeing is trading at low level in comparison with historic benchmark as shown by the ratio “enterprise value/revenue” at 0.74x. As the chart remarked (financials heading) income statement evolution shows us an evolution regarding revenue and margins. According to Thomson-Reuters consensus, the average target price is set at USD 84.1 which represents a potential gain of 12% on the basis of the current price.
Technically, in daily chart, we can notice a high volatility until the end of november 2011. Since december, the situation has chanded and Boeing’s stock is in trending upward bolstered by its three moving averages. Currently, this share is testing its resistance at USD 75.80. Exceeding this key mid-term line would help to new upward targets.
In this case, the buyers could place an order above USD 75.80 in closing price to target USD 80, the top july 2011. The stop loss will be at USD 73.20.