The stock failed by 12 cents on Friday to touch the bullish trigger I’d noted at 361.52. As long as Boeing’s institutional sponsors are struggling so valiantly to smother a scandal that would have killed a lesser manufacturer, we might as well raise the bar for them. Accordingly, we’ll use the green line (375.62) to signal a theoretical ‘buy’. At that point, we can consider jumping on the bandwagon for a possible ride to p=414.00. Stay tuned to ‘Notifications’ in case I decide to jump the gun at 361.52. _______ UPDATE (May 29, 5:32 p.m. ET): The stock has gone nowhere over the last three weeks, but that’s impressive, considering how ugly the news concerning the company has been. A breakdown below 337.23 would likely doom the stock to more slippage down to at least 313.10. (daily, A=385.30 on 4/29).
