NEW YORK (TheStreet) -- Boeing (BA) is outperforming General Dynamics (GD), Lockheed Martin (LMT) and Northrop Grumman (NOC) so far in 2015, and that trend should continue based upon daily and weekly technical charts and the key levels at which to buy on weakness and to sell on strength.
The last time these four aerospace/defense stocks were analyzed by these methods here was on Nov. 5, and the conclusion was the same. Here are the year-to-date performance measures and trading guidelines.
Boeing closed at $141.49 on Thursday. The stock is up 8.9% year to date and 11% from its 2015 low of $126.18 set on Jan. 8. Boeing is 12% below its 2015 high of $158.83 set on Feb. 20, providing the opportunity to buy on weakness. Boeing is a component of the Dow Jones Industrial Average, which closed 17,924 on Thursday, up 0.6% year to date.
General Dynamics closed $138.30 on Thursday, up 0.5% year to date. The stock is 5.3% above its 2015 low of $130.30 set on April 17 and 5.7% below its all-time intraday high of $146.13 set on Nov. 28. The stock held its 200-day simple moving average of $133.05 on April 20.
Investors looking to buy General Dynamics should place a good-till- canceled limit order to purchase the stock if it drops to $114.97, which is a key level on technical charts until the end of June.