TAKE A LOOK at this new extra income hack [ad]
Everyday Americans have been making 100%, 200%, 500% or more, sometimes in a matter of days with this one new strategy. See for yourself here…

Trade Alert: Boeing (NYSE:BA)

by | Mar 23, 2020 | Daily Trade Alert

While there’s a good deal of pain in the markets, it’s also creating a good deal of “blood in the street” opportunities.  Look at Boeing (BA) for example. It’s aggressively oversold below $100 a share, and Goldman Sachs just told clients BA has enough cash to weather the downturn, and that air travel would eventually return.  

Goldman Sachs analyst Noah Poponak upgraded Boeing to buy from neutral with a new one-year price target of $173 on expectations that air traffic will recover once the virus pandemic is over.   “We think Boeing will remain a going concern … travel by flight will be as popular as ever once Covid-19 is resolved. We therefore think shares of (Boeing) should be procured at the current price that is down 70% year-to-date, 80% from 2019.”

Boeing will never go out of business.  At around $100, it’s a steal. Consider buying at market.

Technically, BA is too cheap to ignore. Not only is it sitting at a 2016 low, it’s oversold at its lower Bollinger Band (2,20), it’s over-extended on RSI, MACD, and Williams’ %R.  With plenty of patience, BA could eventually refill its gap around $00 a share.

Related Content