Boeing (NYSE:BA) is currently trading near record highs. Post-earnings the stock has risen to a 52-week high of $170 and shares currently sell for $167.70. A year ago, Boeing shares reached a 52-week low of $102.10 and given the stock prices a year ago and current stock prices, one might wonder whether the stock has gone up too much beyond a level that would be rational.
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So first of all, it is important to look at why Boeing shares have been heading higher for a while now. Last year Boeing shares dropped close to the $100 level on a weak guidance and fears....More>>>