Image Source: UnsplashThis week Airbus has upgraded its 20 year demand forecast which is led by wide body craft. They see the following:
Seasonally there is a period of strength ahead for Airbus into the second half of July. Over the last 25 years Airbus shares have risen 68% of the time for an average gain of 3.45%. The largest gain was 18.50% and the biggest drop was -18.15% in 2011.This large fall was unusually large and if you remove this year from the seasonal data you can see that it bumps the pattern up considerably to have an average rise of 4.46%.Technically, Airbus shares are trying to find support around the 200EMA on the weekly chart. Will this prove to be a turning point? Trade risks Previous seasonal patterns do not guarantee future seasonal patterns performance.Video Length: 00:02:25More By This Author:What To Look For If American Express Earnings Miss U.S. CPI Could Move EUR/USD One Percent Lower The Nasdaq And Its July High You Need To Know About