Is This A Bottom For Beleaguered Boeing?

Boeing is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and telecommunications equipment. It is one of the world’s largest aerospace manufacturers, along with its main competitors Airbus and Lockheed Martin. Boeing was founded by William Boeing in 1916 in Seattle, Washington, and has since grown into a global leader in aerospace innovation. The company operates in four primary segments: Commercial Airplanes, Defense, Space & Security, Global Services, and Boeing Capital. Boeing’s commercial aircraft division is perhaps its most well-known, producing a wide range of passenger aircraft, including the iconic Boeing 737, 747, 777, and 787 Dreamliner series.

Recently manufacturing issues have been playing havoc with Boeing’s delivery schedules and confidence has been hit, weighing on share prices. However, price is now in a key support area with a strong seasonal pattern of a return of more than 10% on average over the last 25 years.

The major trade risk here is that previous seasonal trends do not necessarily repeat themselves again each year.

Remember, don’t just trade it Seasonax It!