Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $357.50 short call and a strike $362.50 long call offers a potential 42.86% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $357.50 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 $362.50 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 34.43 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Boeing
Defense Companies Need to Merge or Die. 3 Companies That Could Get Bought.
Thu, 11 Jul 2019 09:15:00 +0000
The Defense Department wants its large defense contractors investing more in research and development. Higher spending is one reason more mergers could happen.
Indian airline Vistara to launch first international flights in August
Thu, 11 Jul 2019 05:38:54 +0000
Indian full-service airline Vistara said on Thursday it would launch its international flights in August, a year later than anticipated, with Singapore as its first destination. The carrier, a joint venture between Tata Sons and Singapore Airlines Ltd, will launch one daily flight from Delhi and one from Mumbai to the city-state, a popular destination for Indian travellers. The loss-making Vistara airline has said the launch of international flights, which will give it greater scale to grow, is part of its path to profitability.
Ryanair sees risk to 2020 growth if 737 MAX grounded beyond November
Thu, 11 Jul 2019 05:34:28 +0000
The boss of Europe's Ryanair Holdings warned on Wednesday the impact of the prolonged grounding of Boeing Co's 737 MAX on the airline's growth plans may start to spill over to next summer if the airplane is not flying again by November. Europe's largest budget carrier needs up to eight months to take delivery of some 50 newly built planes left at the factory by the grounding crisis, so it may have to trim its capacity growth plans for summer 2020 if 737 MAX flights have not resumed by November, Chief Executive Michael O'Leary told Reuters. “Boeing are telling us at the moment they expect to be back flying by the end of September,” O'Leary said in an interview on the sidelines of a meeting of the European airlines lobby A4E, which he also chairs.
American Airlines Raises Guidance Despite 737 MAX Hit
Thu, 11 Jul 2019 01:20:00 +0000
The Boeing 737 MAX grounding cost American Airlines $185 million before taxes last quarter. But the company is still on track to report strong profit growth for the second quarter.
Space ETFs: Explore the Final Frontier
Wed, 10 Jul 2019 22:04:10 +0000
You can invest in the growing space economy with these ETFs
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