Boeing (BA) Offering Possible 66.67% Return Over the Next 6 Calendar Days

Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $350.00 short call and a strike $355.00 long call offers a potential 66.67% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $350.00 by expiration. The full premium credit of $2.00 would be kept by the premium seller. The risk of $3.00 would be incurred if the stock rose above the $355.00 long call 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 down which suggests that the medium-term momentum for Boeing is bearish.

The RSI indicator is at 31.78 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Boeing

Opening Quote: Markets and business welcome emphatic Boris Johnson victory
Fri, 13 Dec 2019 08:37:13 +0000
FT subscribers can click here to receive Opening quote by email. Boris Johnson’s emphatic general election victory has put sterling on course for one of its biggest ever one-day gains. The UK currency …

Qantas selects Airbus over Boeing for world's longest flights
Fri, 13 Dec 2019 06:25:13 +0000
Australia's Qantas Airways picked Airbus SE over Boeing Co as the preferred supplier for jets capable of the world's longest commercial flights from Sydney to London, dealing the U.S. planemaker its latest setback this year. The choice of up to 12 A350-1000 planes fitted with an extra fuel tank for flights of up to 21 hours cements Airbus as the leader in ultra-long haul flying globally at a time when Boeing is battling delays on its rival 777X programme and a broader corporate crisis following two deadly 737 MAX crashes. The Qantas flights would begin in the first half of 2023, but remain subject to the airline reaching a pay deal with pilots, who would need to extend their duty times to around 23 hours to account for potential delays and switch between flying the A350 and the airline's current A330 fleet.

Regulator puts loading curbs on 737 jets converted to freighters by Israel Aerospace
Fri, 13 Dec 2019 05:52:01 +0000

Boeing cleared for Starliner test flight to space station
Fri, 13 Dec 2019 03:17:01 +0000
The unpiloted test flight will help clear the way for astronaut launches from U.S. soil in 2020.

Russian aircraft leasing firm withdraws 737 Max lawsuit against Boeing
Fri, 13 Dec 2019 00:58:49 +0000
Resolution of the dispute and efforts to get the 737 Max returned to service offer a rare positive sign for 12,000 workers who make the jetliner at Boeing's Renton factory.

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