Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $345.00 short put and a strike $340.00 long put offers a potential 44.93% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $345.00 by expiration. The full premium credit of $1.55 would be kept by the premium seller. The risk of $3.45 would be incurred if the stock dropped below the $340.00 long put 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 up which suggests that the medium-term momentum for Boeing is bullish.
The RSI indicator is at 54.6 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Boeing
Maritime patrol aircraft seen as key in Asia, but buyers elusive
Thu, 08 Feb 2018 10:16:39 +0000
When Boeing's P-8A Poseidon first arrived at the Singapore Airshow two years ago, it caused a stir. Defence buyers around the region were intrigued by the new aircraft, which was touted as reliable, capable and absolutely necessary in a region abundant with naval tension, both above and below the water. China has spent the last few years building up military installations around the South China Sea and its submarines are prowling farther afield, stoking Asian interest in planes that can sweep large swathes of ocean.
S.Korea says next maritime patrol aircraft to be bought from overseas
Thu, 08 Feb 2018 09:51:08 +0000
South Korea's defense procurement agency said on Thursday that its next maritime patrol aircraft will be acquired from overseas, not domestically developed. Boeing's P-8A Poseidons and SAAB's Swordfish are expected to compete for the deal, expected to be about 1.9 trillion won ($1.75 billion) for at least six maritime patrol aircraft, wire service Yonhap reported on Wednesday, citing an unnamed military source. Nothing else has been decided on the acquisition beside that it will also need to be more technically advanced compared to South Korea's existing Lockheed P-3 Orions, an official at the Defense Acquisition Program Administration (DAPA) said.
SINGAPORE: GE outlines thinking around NMA engine business case
Thu, 08 Feb 2018 09:35:14 +0000
Any decision by CFM International partner GE Aviation on participation in Boeing's proposed New Mid-market Airplane (NMA) programme will depend on a business case around perceived market size for the aircraft combined with the number of engine suppliers on the programme.
Trump to Seek 24 Boeing Super Hornets in Budget, Reversing Obama
Thu, 08 Feb 2018 09:00:01 +0000
President Donald Trump’s fiscal 2019 budget will request 24 Super Hornet jets built by Boeing Co., reversing an Obama administration decision to stop buying the fighter after this year, according to two …
DATA SNAPSHOT: Flight Fleets Analyzer highlights the firm-order status for the 787-10
Thu, 08 Feb 2018 08:30:42 +0000
Boeing s third and largest Dreamliner, the 787-10, will debut soon with Singapore Airlines. We examine the firm-order status for the big twin with data from Flight Fleets Analyzer. Catch up with all the latest news from the Singapore air show here.
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