With the potential for a bigger war in the Middle East, keep an eye on defense stocks, such as Boeing (BA). Not only has the BA stock become aggressively oversold at $185.60, but it’s also over-extended on RSI, MACD, and Williams’ %R.

Plus, should the latest war intensify, the stock could see a boost. 

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After all, “In the longer term there are some things that are changing significantly. One is the global threat environment and the geopolitical situations getting more concerning and challenging,” said Jim Taiclet, chairman, president and CEO of Lockheed Martin Corporation on Tuesday. “That’s refocusing the US and certainly our allies around the world on national defense in an increasing manner.”


Ian Cooper