Boeing is trading in a bullish trend and several arguments are in favor of the continuation of this positive orientation.

The company shows strong fundamentals. The security displays a reasonable valuation, with an EV/Revenue ratio of 1.11 for this year. Thomson Reuters estimates underline the growth potential of the company. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.

Technical patterns are in the green: prices are up for several months. The movement should continue in the coming trading sessions. The 20-day moving average acts as a support for prices, blocking bearish fluctuations. A technical rebound on this threshold is likely to occur.

Therefore, investors can open a long position on the stock in order to target a return on the upward trendline around USD 160. A stop loss can be placed under the 20-day moving average, because its crossing will invalidate this strategy.