Boeing has been a favorite for quite a while despite a setback this winter. The chart took a hit in late January when the company missed earnings; this led to a brief market pullback. However, the 120 level held strong, and since then it has enjoyed a series of higher lows.
Currently, the stock price is sitting in the post-January gap and working its way up. Boeing has demonstrated some good relative strength and is on a MACD buy signal. Options trading has been rather robust, with far more calls bought over the last month or so than during previous months. This could move Boeing back to its old highs with relative ease.
