Market forces often act like a pendulum, swinging from bullish to bearish again with each cycle. This principle applies to broader indexes like the S&P 500 or Nasdaq-100 and individual stocks. In the aerospace sector, one stock has been stuck on the bearish side of the swing for some time, making it overdue for its shift into a prolonged bullish phase.
Since breaking out of its tight $180 per share range, Boeing Co. (NYSE: BA) has entered a longer-term bullish trend, supported not only by improved sentiment but also by its recovering fundamentals. The company has survived numerous adverse media reports and incidents that once painted it as a toxic asset. Still, now everyone wants a piece of Boeing.
