The Boeing Company (BA)Boeing is the world’s largest aerospace company. It has commercial, defense, and space business segments. Boeing and Airbus are the two most dominant and only major aircraft producers in the world. Aftermarket servicing and other global services are also lucrative business opportunities for Boeing. The company benefits from moats like high entry barriers, a strong track record, and a global presence. Its long-term growth prospects are strong.

The long-term monthly chart for Boeing shows a gradual uptrend from 2011 till about mid-2016 before a major acceleration for about 15 months. The price then moved sideways for about 20 months between 2018 and 2020 and only briefly spiked to hit a peak of $445. Since then, the March 2020 crash saw the price of Boeing drop by a massive 75%, breaking the bottom of the long-term trend in the process. The price recovered quickly and found resistance at the $218 level. It eventually broke out and is now again close to that level. A reversal is likely as the $218 level could act as support. The target price is $257, and a tight stop loss can be placed below the support level at around $205.

Position entered into our long-term tracking portfolio today. The entry point is at $217.60, and stop-loss is placed at $136.59, which is 37% below the entry point. The short-term to medium-term take profit at the top of the trend is set at $289.45, giving a profit of 33%.