Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $123.00 short call and a strike $128.00 long call offers a potential 19.62% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $123.00 by expiration. The full premium credit of $0.82 would be kept by the premium seller. The risk of $4.18 would be incurred if the stock rose above the $128.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Boeing is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Boeing is bearish.
The RSI indicator is at 32.63 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Boeing
Indonesia's Garuda makes $5.0 bn Boeing plane order
Mon, 13 Oct 2014 05:08:25 GMT
Garuda orders 50 planes from Boeing
Mon, 13 Oct 2014 04:26:02 GMT
AAP – Boeing says Garuda Indonesia has placed an order for 50 jets with a total sticker price of $US4.9 billion ($A5.30 billion). Airlines often get steep discounts off list prices for jets. Boeing said Garuda will buy 46 of its 737 Max 8 aircraft and convert orders for four other 737s to the Max 8. Boeing and rival Airbus have huge backlogs of commercial jet orders as airlines dealing with high fuel prices order more efficient planes.
Indonesia's Garuda makes $5.0 bn plane order: Boeing
Mon, 13 Oct 2014 04:12:52 GMT
Boeing Wins $4.9B Order From Garuda for 50 737 Planes
Mon, 13 Oct 2014 03:11:09 GMT
[$$] Garuda Orders 50 Boeing Jets
Mon, 13 Oct 2014 02:50:11 GMT
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