Swing Trade Idea (BA) – June 8, 2021
Our bullish trade for Monday, June 7th is Boeing Company (BA). BA is part of the Industrial Sector (XLI). XLI has experienced a 0.35% gain in the last month and both 1M and 6M trends remain bullish.
BA is on a strong bullish trend and has recently pulled back to the $249 level to provide a good risk/reward bullish entry. With a technical score of 6 (out of 10), BA is a neutral stock that will likely move higher.
As a stop loss, if BA were to trade below $248 for multiple days, this would invalidate our analysis and we would focus on cutting losses on the trade. We also would consider cutting losses on this options trade if the value of the vertical spread moves below $6.32.
