Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $252.50 short put and a strike $247.50 long put offers a potential 30.89% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $252.50 by expiration. The full premium credit of $1.18 would be kept by the premium seller. The risk of $3.82 would be incurred if the stock dropped below the $247.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Boeing is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Boeing is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
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LATEST NEWS for Boeing
Lessor BOC Aviation looks for new homes for 13 aircraft after Monarch collapse
Tue, 03 Oct 2017 02:16:05 +0000
Asia's second-biggest aircraft lessor, BOC Aviation Ltd (2588.HK), said on Tuesday it was working to find new homes for 13 Boeing Co (BA.N) 737 MAX 8 aircraft it had planned to lease to collapsed British carrier Monarch Airlines. BOC, which is based in Singapore but majority owned by Bank of China <601988.SS>, had agreed to the long-term lease arrangement in June. The Boeing aircraft were due to be delivered from mid 2018 to 2020, BOC Head of Investor Relations Timothy Ross said.
Monarch Airlines bankruptcy leaves big Boeing 737 Max order, services deal in limbo
Tue, 03 Oct 2017 00:00:11 +0000
Boeing customer Monarch Airlines of Great Britain sank into bankruptcy Monday, a failure that hits the Chicago-based commercial aircraft maker on two fronts. Before its collapse, Monarch had outstanding orders for 30 737 Max 8 jets — made at Boeing's Renton manufacturing complex — Boeing's orders and deliveries website shows. The bankruptcy also cast doubt over a new maintenance and engineering services deal that Boeing's fledgling Global Services unit inked with Monarch at the Paris Air Show in June.
Monarch Airlines goes bust, spoiling holiday plans for many Britons
Mon, 02 Oct 2017 19:00:34 +0000
The failure of Monarch, the largest British airline to go bust, will affect nearly 900,000 passengers in total. Shares of Monarch rivals, easyJet (EZJ.L), Ryanair and Wizz Air (WIZZ.L) rose on Monday on the prospect of reduced competition and the chance to acquire some of its assets. Monarch, based at Luton Airport north of London and in business since 1968, cancelled about 750,000 future bookings and apologised to customers and staff.
Dow Jones Stock Index Set to Continue Its Unlikely Rally
Mon, 02 Oct 2017 18:14:02 +0000
If you think this year’s been an unusually bullish one for the Dow Jones Industrial Average (not to mention the other key market indices, like the S&P 500 or the Nasdaq Composite), well, you’re half right. Of course, with earnings season right around the corner — and with several of the individual Dow Jones stock names overextended, you can’t afford to turn your back on the market for a single minute here. It’s close though, and perhaps more interestingly we’re seeing the Dow make a nice bowl-shaped upward curl out of the pullback from two weeks ago.
Trump Administration Goes After Canadian Aircraft Maker During NAFTA Talks. Why?
Mon, 02 Oct 2017 17:11:00 +0000
What does the Trump administration expect to gain from sticking it to Bombardier for the benefit of an American company that doesn’t make a competing product to the one in question?
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