Boeing: Close to Perfect

Boeing's shares increased in price after an impressive quarterly report.

Technical Analysis
03 Agu 2017
Boeing: Close to Perfect

We've already mentioned to you the fact that the CFD market is a great opportunity to make a profit easily by riding on the wave of the success of leading companies. Nowadays they are free of significant risks of failure on the market, and definitely provide good investment opportunities. Last week we received another confirmation of these words, as well as a reassurance that the CFD market is devoid of geopolitical risks. American companies proved this. Despite the political instability in the United States at the moment and a weakening dollar, the leading American companies continue to please investors with positive results.

More specifically, the recent quarterly report from leading airplane, rocket, and satellite developer Boeing inspired investors with its results. Products by the Boeing Company sell well, bringing in consistent profits. There are great perspectives and opportunities for Boeing in the future - the company has shown a readiness to evolve, which means their products will certainly continue to be in high demand, and without serious competition on the market.

Analysts evaluated the quarterly report of the Boeing Company as "Close to perfect," which led many investors to actively buy the company's shares. Within a single day shares rose by 10% as a result. If you look at the chart #BA, you can see that this price increase is neither accidental, nor temporary. Rather, it is a continuation of the long upward tendency. Given the recent report we can expect further stable growth in the price of Boeing shares which can last a very long time.

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