In the chart of Boeing itself, Worth spots a "well-defined triple bottom," which is often thought to be a bullish sign showing chart support.
On the upside, Worth notes that Boeing shares made a high of $144.57 in January.
"We think we're going to make a run for the January high, up 10 percent. And that would only put it back to where it was—the market's even higher," he said. "We think it's a real good bet relative to the S&P, and we think it's a real good bet [on an] absolute [basis]."
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So do the fundamentals back up Worth's charting?
According to Michael Khouw, such a rally would make sense.
"Boeing is a great company and they have great secular tailwinds," the options trader said. "And there are not a lot of places in the market right now where you can actually buy a decent company that has a long horizon of potentially great sales for less than the market multiple."
To bet alongside Worth, then, Khouw recommends buying the May 135-strike call for $5.25. This will make money if Boeing shares rise above $140.25 by May expiration.
Khouw and Worth previously made a bullish case for Boeing in January 2013. Shares of the company are up about 70 percent since then.