BA has been in consolidation and the Alley-gator has been compressed, or as Bill Williams describes the sleeping alley-gator. I would buy with a buy stop 2 ticks above the fractal marked; 138.90 My stop loss would be below the blue line or the gators jaw. BA is in a strong sector under accumulation the past month and three months the XLI is what i use.
I will sell put spreads 60 days out with a 20 delta so I would also have the option of putting a condor on if it does not move
BA hit its fractal buy point and has broken out of its trading range making a new high yesterday. They have beat on earnings the past 3 times and suspect they will again. They report JAN 29