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Aerospace and defense icon Boeing (NYSE:BA) is known for building planes and missiles. Yet, in reality Boeing is a highly diversified manufacturing company with a broad array of product lines, a fact that’s underappreciated by some BA stock traders.
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Another feature that not everyone appreciates is just how cheap BA stock really is. The share price was hit hard by the onset of the novel coronavirus and still hasn’t recovered. This means that it’s not too late to get in at a good price.
While the trading community is distracted by the latest initial public offering (IPO) or special purpose acquisition company (SPAC), you have a prime opportunity to invest in a legacy manufacturer with pedigree and staying power.
So, let’s conduct a technical breakdown to see how beaten-down BA stock really