$BA Launches Into the Cloud on AMZN and Third Point News

BA shares launched on Wednesday in a breakout move that takes the stock well into the Ichimoku Cloud resistance zone, with confluence resistance above suggesting targets at $185 and $220.

The action was boosted by news that Dan Loeb's Third Point Offshore fund has bought Boeing debt and also by reports that AMZN has expanded its aircraft fleet with the leasing of 12 Boeing 767-300 aircraft from ATSG.