Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $250.00 short put and a strike $245.00 long put offers a potential 46.2% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $250.00 by expiration. The full premium credit of $1.58 would be kept by the premium seller. The risk of $3.42 would be incurred if the stock dropped below the $245.00 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 48.98 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Boeing
Boeing flags possible production issue in some 737 MAX jets to customers
Fri, 09 Apr 2021 11:15:14 +0000
Boeing said it wants those customers to check and verify if a sufficient ground path exists for a component of the electrical power system in some affected 737 MAX jets with specific tail numbers. The planemaker has been wrestling with some production issues at its factories on top of a separate design problem that led to the grounding of all MAXs for 20 months. “We are working closely with the U.S. Federal Aviation Administration on this production issue,” the company said in a statement on Friday.
UPDATE 1-Boeing flags possible production issue in some 737 MAX jets to customers
Fri, 09 Apr 2021 10:59:45 +0000
Boeing Co has asked 16 of its customers to address a potential production issue related to an electrical power system in certain 737 MAX jets prior to further operations, the U.S. planemaker said on Friday. Boeing said it wants those customers to check and verify if a sufficient ground path exists for a component of the electrical power system in some affected 737 MAX jets with specific tail numbers. The report of a production problem indicates it is not related to the wider safety grounding, which was lifted in November.
Airbus deliveries surge in March, sending shares higher
Fri, 09 Apr 2021 09:00:40 +0000
A rebound in air travel in China and the United States helped to drive a surge in March deliveries for Airbus, sending the planemaker's shares higher. Airbus reported slightly higher deliveries for the first quarter and posted 39 gross orders, including a new deal for 20 A220s to an unidentified buyer. The brisk pace of deliveries confirms a Reuters report on Wednesday that the world's largest planemaker was poised to match or even eclipse the 122 deliveries seen in the first quarter of last year after a surge in March.
Boeing Alerts Customers on 737 MAX Production Issue; Shares Slide
Fri, 09 Apr 2021 07:13:00 +0000
Boeing is asking some customers to ‘address a potential electrical issue in a specific group of 737 MAX airplanes prior to further operations,' the planemaker says.
Boeing sues, cancels contracts with Air Force One supplier
Thu, 08 Apr 2021 23:03:32 +0000
Boeing Co said Thursday it had filed a suit against and canceled contracts with a Texas-based supplier for Air Force One, the aircraft that carriers the U.S. president, over delays in completing interior work on the two heavily modified 747-8 planes. The U.S. planemaker said in a statement it had canceled contracts “with GDC Technics … due to their insolvency and failure to meet contractual obligations.” GDC Technics did not immediately respond to a request for comment.
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