Technical Analysis on Boeing, Northrop Grumman, GenCorp, Spirit AeroSystems, and BE Aerospace

Aviation Companies Trade Flat

Feb 28, 2013, 08:00 ET from

LONDON, February 28, 2013 /PRNewswire/ --

Markets are waiting for important policy decisions about spending cuts to make any decisive move. However, pending these decisions, the indices moved higher with The Dow Jones closing 1.26% higher at 14,075.37, the S&P 500 closing 1.27% higher at 1,515.99, and the NASDAQ 1.04% higher at 3,162.26. Our research team took a look at Aerospace/Defense companies like Northrop Grumman Corporation (NYSE: NOC), Gencorp Inc. (NYSE: GNY), The Boeing Company (NYSE: BA), Spirit AeroSystems Holdings Inc. (NYSE: SPR) and B/E Aerospace Inc. (NASDAQ: BEAV). StockCall has posted free technical research on NOC, GY, BA, SPR and BEAV which can be downloaded upon sign up at

Northrop Grumman's stock closed at $65.97, 1.40 percent higher. The stock traded in the range of $64.82 and $66.31 during the session and is currently in-line with its 50-day moving average price of $65.97. The company lost 2.38 percent so far this year. Its Price/Earnings ratio is 8.45. The stock is in a bullish phase and its first resistance level is at $66.24. On the downside, its first support is at $64.38. Upon breaching this level, its second support level is at $63.95. Sign up and read the complimentary report on NOC at  

With a sharp up move in its previous trading session, Gencorp is up 32.68 percent for the year. It has grown 116.4 percent in the past 52 weeks. The stock closed 4.21 percent higher at $12.14 on volume of 819,000. Its average trading volume stands at 1.18 million shares. Gencorp's shares currently face resistance at around $12.38. The stock has support at around $11.88. It is currently trading below its 20-day and 50-day moving averages, which is a mildly bearish signal. The free report on GY can be downloaded by signing up now at  

Boeing Company traded in the range of $75.53 and $77.93 during its previous trading session. It opened at $75.53 and closed at $77.36, up 2.26 percent. The stock is currently in a bullish mode and has its first resistance level at $77.43. Upon breaching this level, Boeing Co. went as high as $77.79 and it traded 7.16 million shares. The stock is trading below its 20-day moving average price and shows a neutral trend. So far in 2013, the stock is up 2.65 percent. Free report on BA can be accessed by registering at

In-line with the up move shown by broad market indices, Spirit AeroSystems Holdings stock finished 4.34 percent higher at $17.32, with volume of 1.45 million shares. Its daily average volume stands at 2.08 million shares. The stock has had a mild run so far this year with a year-to-date growth of 2.06 percent. However, the stock currently shows a bullish trend which is further confirmed by the stock's MACD chart. Spirit AeroSystems has its first support level at $16.45. In the coming trading sessions, the stock is likely to go as high as 17.74. Register with StockCall and download the research on SPR for free at

BE Aerospace's stock rose marginally in its latest trading session. The stock closed 0.36 percent higher at $52.43 with 2.91 million share volume. Despite the upward movement, the stock is only 6 percent higher for the year. In the past 52 weeks, BE Aerospace has climbed 13 percent. The stock currently has support at the $52.19 level. The stock's MACD chart shows bullish trend. BE Aerospace may face its first resistance level at $53.92. Upon breaching this level, the stock could go as high as $55.20. Read the full free research on BEAV by signing up to StockCall at

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