Shares in Boeing Co could enter into a technical downturn after the gains that were recorded over the last trading sessions. Investors should open a short trade and target the $ 138.
Historically, the company has been releasing figures that are above expectations.
The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
The stock is close to a major daily resistance at USD 137.08, which should be gotten rid of so as to gain new appreciation potential.
According to Thomson-Reuters' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
For the last four months, EPS estimates made by Thomson-Reuters analysts have been revised downwards.
For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
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