Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $387.50 short put and a strike $382.50 long put offers a potential 26.26% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $387.50 by expiration. The full premium credit of $1.04 would be kept by the premium seller. The risk of $3.96 would be incurred if the stock dropped below the $382.50 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 at 64.19 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Boeing
Boeing's 737 production cut hits its shares and those of suppliers
Mon, 08 Apr 2019 09:55:05 +0000
Boeing's decision to cut production of its 737 aircraft hit the shares of its suppliers on Monday, while its own shares were lower in U.S. pre-market trading. Boeing Co said late on Friday it planned to cut its monthly 737 aircraft production by nearly 20 percent after two deadly crashes, signaling it does not expect aviation authorities to allow the plane back in the air any time soon. Boeing's decision knocked the shares of aerospace groups involved in the 737, with Meggitt, Melrose and Safran all falling by between 1 percent and 2.5 percent.
Wells Fargo, Boeing, Tesla and ‘Shazam!' – 5 Things You Must Know
Mon, 08 Apr 2019 09:40:00 +0000
U.S. stock futures declined Monday as investors looked ahead to the start of the first-quarter earnings season and interpreted mixed statements on trade talks between Washington and Beijing. will kick off earnings season on Friday amid solid U.S. creation data but weakening economic signals from around the world. The Dow closed about 1.5% off its record close of 26,828.39 on Oct. 3, 2018.
Boeing Resumes Slide After Cutting 737 MAX Production Following Crash Probes
Mon, 08 Apr 2019 09:33:00 +0000
shares were indicated sharply lower Monday after the world's biggest planemaker said it would slow production of its flaghship 737 MAX aircraft following two fatal accidents that have raised serious concerns for the aircraft's safety. The decision, announced late Friday, will see Boeing cut 737 production by 20% to 42 units per month, starting around the middle of April. The pare down followed Boeing's first acknowledgement last week that its software system played a role in two recent 737 MAX 8 accidents, which killed 346 people in tragedies in Ethiopia and Indonesia.
UK shares dip as Boeing 737 output cut bruises industrials
Mon, 08 Apr 2019 09:24:41 +0000
The exporter-heavy FTSE 100, which had scaled six month highs for the most of last week, was down 0.3 percent by 0845 GMT, as a stronger pound also weighed, while the midcaps dipped 0.2 percent. Financial stocks, which bagged its biggest weekly gains in five months last week, were the top drags on the FTSE 100. An index of aerospace and defence stocks lost 0.7 percent after Boeing, the world's largest planemaker, on Friday announced plans to slash its monthly production of 737 aircraft by nearly 20 percent.
Boeing's 737 production cut hits suppliers' shares
Mon, 08 Apr 2019 09:00:08 +0000
Boeing's decision to cut the production of its 737 aircraft hit the shares of its suppliers on Monday while its European rival Airbus rose. Boeing Co said late on Friday it planned to cut its monthly 737 aircraft production by nearly 20 percent after two deadly crashes, signalling it does not expect aviation authorities to allow the plane back in the air any time soon. Boeing's decision knocked down the shares of aerospace groups involved in the 737, with Meggitt, Melrose and Safran all falling by between 1 percent to 2.5 percent.
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