The Boeing Company could breakout the USD 107.9 resistance in the short term.

From a fundamental viewpoint, analysts polled by Thomson Reuters have regularly revised upward the earning per share estimates. Moreover, the group has a positive net treasury and profitability is expected to improve, showing a relatively good financial health of the company.

Technically, the stock is moving in an upward trend for many weeks. This movement reflects a buyer enthusiasm confirmed also by the well orientation of moving averages. The security is going toward USD 107.9 and would give a strong buying signal if the crossing is confirmed in daily closing price.

Exceeding the technical line at USD 107.9 would point to ambitious upward targets. In this case, market participants could buy this stock with an initial target of USD 118, corresponding to the bullish trend line. If investors reduce long-side exposure for profit-taking, a bearish trend would happen below USD 104.8 and so this strategy would be invalidated.