Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $125.00 short call and a strike $135.00 long call offers a potential 16.96% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $125.00 by expiration. The full premium credit of $1.45 would be kept by the premium seller. The risk of $8.55 would be incurred if the stock rose above the $135.00 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 at 34.48 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Boeing
Market on grips of China slowdown: Cramer
Wed, 12 Mar 2014 22:00:00 GMT
Boeing says Malaysia jet not subject to FAA inspection order
Wed, 12 Mar 2014 20:38:25 GMT
Reuters – Boeing Co on Wednesday said the missing 777 Malaysia Airlines jetliner was not subject to a new U.S. safety directive that ordered additional inspections for cracking and corrosion on certain 777 planes. The Federal Aviation Administration last week ordered additional, repeated inspections of certain Boeing 777 aircraft, warning that corrosion and cracking could lead to rapid decompression and damage to the structure of the aircraft. The Federal Aviation Administration told airlines to inspect U.S. registered aircraft for cracking, corrosion and potential repairs after receiving a report about a 16-inch crack in the fuselage skin underneath an adapter for the airplane's satellite communications antenna. But it said the 777-200ER Malaysia Airlines aircraft did not have that antenna installed and was not subject to the FAA order.
Stocks Reverse This Way And That; Tesla Gains
Wed, 12 Mar 2014 20:24:00 GMT
Stocks Mixed Amid China Growth Concerns, Herbalife Plummets
Wed, 12 Mar 2014 20:19:00 GMT
Dow ends mildly lower; Nasdaq halts four-session losing streak
Wed, 12 Mar 2014 20:00:00 GMT
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