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Boeing Co ($BA) Inks Iran Plane Deal, Stock Is A Dead Short

News hit the wires that Boeing Co (NYSE:BA) inked a $16.6 billion deal with Iran for a bunch of planes. This may seem bullish to investors but I assure you the stock is near a major top and pull back. First, the stock chart is within a few Dollars of an epic double top. Second, Donald Trump already has bashed Boeing Co and third, Trump has also bashed the lifting of sanctions with Iran. All of this mixed up in a pot signals a high reward short trade to me at $158-$160. The first pull back target is $150 and the second pull back target is $137.00. Enjoy the ride.

Stock chart on Boeing Co shares bearish after Iran deal