Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $130.00 short put and a strike $120.00 long put offers a potential 15.47% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $130.00 by expiration. The full premium credit of $1.34 would be kept by the premium seller. The risk of $8.66 would be incurred if the stock dropped below the $120.00 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 56.81 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Boeing
Congress heads toward showdown over 2015 defense priorities
Fri, 23 May 2014 00:06:38 GMT
Reuters – Lawmakers in Congress headed toward a showdown over Pentagon spending on Thursday after the House and Senate advanced competing versions of the annual defense policy bill that differ on everything from spending priorities to closing Guantanamo. The House of Representatives voted 325-98 to pass a 2015 National Defense Authorization Act that rejected the Pentagon's bid to cut long-term costs by reducing military pay raises and eliminating planes, ships and bases. Hours later the Senate Armed Services Committee unveiled its version of the same legislation, approving a Pentagon proposal to offer smaller military pay hikes, lay up 11 Navy cruisers for long-term maintenance and reorganize the Army helicopter fleet. The Senate and House plans differed on how to pay for proposed changes to the Pentagon budget, with the House reducing funds for keeping the military combat-ready while the Senate panel sought to avoid that.
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