Three Years In The Wilderness. Wanna Do That Again? BA. Technical History.

UPDATE 6-18-18: PRE-MARKET BOEING(NYSE: BA) -1.29%, $353.27. 9:01AM, EST.  Seven of the last eight days BA has dropped, including today.

On

the heels of our current technical work, we now add history.  Back in the day Boeing ran a huge plant in Wichita.  That history’s over, but BA rolls on.  Today will add another day to the very long total this amazing organization has created.  But do we want to take the ride?

 

 

STOCKjAW continues our work on a company and its’ stock, one worth the work.  Regardless of short term dips or drops, Boeing will own the future of commercial aviation.  Yet history provides a very clear cautionary tale.  Here it is, in pure technical form.

 

 

Chart, BA, 6-18, 129day, x
Close-up, 37 point trading channel. BA’s last consolidation began in December 2013. it ended three years later, January 2016.

 

Charts, BA, 1699day, X
Boeing has a history. Only the misguided argue with history. History says run, consolidate, repeat. Here’s the BA 4.5 year family photo. Anyone wanna argue that consolidation? We don’t want to argue it, or live another like it.

 

 

Find more detail and insight in our brand new piece,

Descending Boeing.  Why?

https://stockjaw.com/2018/06/17/descending-boeing-why/

 

 

Thanks for reading.

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STOCKJAW.COM

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Additional resources:

Investopedia.com.  Seriously Wonderful.  Fact.
http://www.investopedia.com/
Charles Schwab.  In Our Opinion, the best broker going.
https://www.schwab.com/public/schwab/client_home
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