With all eyes focused on Apple's (NASDAQ:AAPL) product launch, there's one group of stocks that couldn't care less. For the last 6 months, or more, Aerospace has done little but move in a sideways range. But just below the radar, they're now poised to take flight.
Boeing Company (NYSE:BA) has 4 things in its favor to move higher. The price is about to break the neckline of an inverse head-and-shoulders pattern, targeting a move to at least 140. There's also a measured move higher in play now that targets 135.50. Finally, 2 momentum indicators support continued upside, with the MACD crossing up and the RSI bullish and rising.
Lockheed Martin Corporation (NYSE:LMT) actually moved out a bit early, but the consolidation in a bull flag last week is giving an entry point. With the break back higher, it targets 186 on a measured move that would complete a 3-drives pattern. LMT also has a bullish RSI and the MACD has leveled in the pullback during the flag.