Is Boeing on the road to recovery after a hefty 11.8 billion annual loss in 2024? A Golden Cross formation on this stock suggests that this could be the case. The only stock in the S&P 500 which exhibited a Golden Cross formation within 5 trading days preceding Saturday 8th February 2025 was in fact Boeing (BA).
The initial upside target based on the 38.2% Fibonacci retracement level over the entire $89 to $447 range traded between 2019 and 2020 would be $226
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