Boeing (BA) Offering Possible 42.86% Return Over the Next 27 Calendar Days

Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $380.00 short call and a strike $385.00 long call offers a potential 42.86% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $380.00 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $3.50 would be incurred if the stock rose above the $385.00 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 below 20 which suggests that the stock is in oversold territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Boeing

Exclusive: Ethiopian crash captain untrained on 737 MAX simulator – source
Thu, 21 Mar 2019 09:57:13 +0000
The captain of a doomed Ethiopian Airlines flight was unable to practice on a new simulator for the Boeing 737 MAX 8 before he died in a crash with 157 others, a pilot colleague said. Yared Getachew, 29, was due for refresher training at the end of March, his colleague told Reuters, two months after Ethiopian Airlines had received the simulator. The March 10 disaster, following another MAX 8 crash in Indonesia in October, has set off one of the biggest inquiries in aviation history, focussed on whether pilots were sufficiently versed on a new automated system.

Boeing Slips as Lawmakers Probe 737 MAX Crashes, Investigators Circle Planemaker
Thu, 21 Mar 2019 09:48:00 +0000
shares were indicated lower in pre-market trading Thursday amid reports that lawmakers, federal investigators and the Department of Justice are lining up to question executives at the world's biggest planemaker over two horrific crashes of its 737 MAX planes that killed nearly 350 passengers and raised serious safety concerns for the flagship aircraft. The Federal Aviation Administration is also under scrutiny for its role in approving Boeing's Maneuvering Characteristics Augmentation System, or MCAS, in March 2017. The software has been cited as the potential link between the October crash of a Lion Air flight in Indonesia and this month's Ethiopian Airlines disaster in east Africa.

Indonesian investigators say pilots of doomed Lion Air flight were searching checklist
Thu, 21 Mar 2019 09:40:24 +0000
Indonesian investigators said on Thursday the cockpit voice recorder from a crashed Lion Air Boeing Co 737 MAX 8 jet showed pilots were searching for the right checklist in their handbooks and were experiencing …

Micron, Nike, Boeing, Levi Strauss and Jerome Powell – 5 Things You Must Know
Thu, 21 Mar 2019 09:40:00 +0000
U.S. stock futures were mixed on Thursday following the Federal Reserve's decision to remove any prospect of a rate hike in 2019 while warning of slowing economic growth, and on Donald Trump's comments on China tariffs. The Fed kept its key policy target unchanged at 2.25% to 2.5%, and Fed Chairman Jerome Powell said he would remain “patient,” monitoring incoming data and developments in the global economy, and would be unlikely to move on interest rates until early next year.

European, Canadian regulators to do own review of Boeing jet
Thu, 21 Mar 2019 07:07:40 +0000
Boeing's grounded airliners are likely to be parked longer now that European and Canadian regulators plan to conduct their own reviews of changes the company is making after two of the jets crashed.

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