Company Description: The Boeing Company, together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. It operates in five segments: Commercial Airplanes, Boeing Military Aircraft (BMA), Network and Space Systems (N&SS), Global Services and Support (GS&S), and Boeing Capital Corporation (BCC). The Commercial Airplanes segment develops, produces, and markets commercial jet aircraft, as well as provides related support services principally to the commercial airline industry. Its family of commercial jet aircraft includes the 737 Next-Generation narrow-body model; and the 747, 767, 777, and 787 wide-body models. This segment also offers aviation services support, aircraft modifications, spares, training, maintenance documents, and technical advice to commercial and government customers. The BMA segment engages in the research, development, production, and modification of military aircraft precision engagement, and mobility products and services. The N&SS researches, develops, produces, and modifies products and services to assist customers in transforming their operations through network integration, intelligence and surveillance systems, communications, architectures, and space exploration. The GS&S segment operates, maintains, trains, upgrades, and logistics support functions for military platforms and operations. The BCC segment facilitates, arranges, structures, and provides selective financing solutions for customers. Its financing solutions include equipment under operating leases, finance leases, notes and other receivables, assets held for sale or re-lease, and investments. In addition, The Boeing Company engages in engineering, operations, and technology activities focusing on the research and development of technologies and products. The company was founded in 1916 and is based in Chicago, Illinois..

Our Analysis: The shares of Boeing Co. 'BA' have moved sharply higher over the last 2 trading days on significantly heavier than normal trading volume. They finished yesterday by setting a new yearly closing high. In the process they completed a cup pattern with a measured move to our stated price target of $66.69/share. This is a bullish trading signal. I see downside support on the shares of 'BA' @ $62.20/share, and have set my stops accordingly @ $61.79/share.