Airbus Stock Price is likely to go up to €88 again within the next few days/weeks. Traded same level a few times during the past few months. I would like to stop myself right below that support level since going below that level suggests that the market is getting impatient with the behavior of the stock.
Comment:
Airbus is taking a €1.3bn charge to cover further problems on the A400M military transport aircraft while fines resulting from anti-corruption inquiries so far will cost an extra €117m, tarnishing an otherwise strong performance in 2017.
Comment:
Airbus delivered EUR2.95 billion in free cash flow before mergers, acquisitions and customer financing against a target of about EUR1.4 billion for the year-earlier period. The rise signals Airbus is starting to turn higher plane deliveries into stronger cash flow as production rises.
Trade closed: target reached