Chart of the Day: Boeing’s Ready to Take Flight
Momentum on the chart is starting to turn bullish for this aerospace and defense stock.
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Boeing (BA) was recently added to TheStreet Pro Portfolio, and it appears this is the right time to be entering the stock. The early part of 2026 saw a good-sized decline in Boeing on heavy turnover, but the company has since turned the corner and appears ready to attack those 2026 highs near $255. The recent action in Boeing’s chart has been constructive, with a small pattern of higher-highs and higher-lows that pushed through a minor resistance line.
Momentum is starting to turn bullish, and the moving average convergence divergence is now on a confirmed buy signal. Also, note the improvement in chaikin money flow at the bottom of the chart. Stochastics (momentum indicator) is starting to gain traction, too, as you can see in pane 5. That is always a good sign of things to come. Lastly, volume trend has improved, with strong volume days when the stock is higher. That is good news, too.
The old highs this year are about 8% higher than current levels, with some interest by big money managers over the coming weeks Boeing is poised to make a run.
We like Boeing in TheStreet Pro Portfolio and rate it a Two, or “stockpile on pullbacks.”
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At the time of publication, the Pro Portfolio was long BA.
