Boeing Surges to Bullish Territory, Eyes $250 Level

Boeing's stock has made a significant move into bullish territory for the first time since the spring, according to recent chart analysis.

The stock has been in a sideways consolidation phase for months but last week's surge on higher volume has held firm, indicating that money flows into Boeing are not leaking.

This is a strong development as it means the company can now be considered a buy. Analysts are looking for even better action with candles turning blue again, a condition in the GoNoGo composite of indicators that indicates momentum and buying pressure.

The MACD indicator has given a buy signal, and money flow is rising but still below zero. If this trend continues, Boeing's next objective could be to break above $240 and reach the $250 level.