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Boeing Charting A Quiet Comeback? Aircraft Maker Bags Five Major Contracts In Last 10 Days: Here's What Its Chart Shows

1. Boeing secured five major aircraft orders in ten days, expanding its pipeline. 2. Orders include 30 planes for Malaysia Airlines and 50 for Korean Air. 3. Technical analysis shows Boeing stock is currently neutral but has bullish momentum. 4. Boeing stock is down 0.77% YTD, with a hold rating from analysts. 5. Average analyst price target for BA is $201.63, indicating potential upside.

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FAQ

Why Bullish?

Recent significant orders, especially from Malaysia and Korean Air, enhance revenue potential.

How important is it?

New orders signify recovery and demand for Boeing's aircraft amidst past issues.

Why Short Term?

Immediate orders may lead to short-term price increases, but challenges persist.

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