Michael_Macdonald-XATSUK

Boeing already looking overstretched pre-Trump announcement

NYSE:BA   BOEING CO
Eyes are on Boeing at the moment, following President-Elect Trump's remarks on the possible future of Air Force One.

It is worth noting that Boeing is already looking overstretched at current levels - momentum studies are overbought and prices are now trading in the historic distribution top from 2015-2016 - and risk/reward is turning lower.

Could Trump's remarks provide the catalyst for the corrective pullback?

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