Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $135.00 short put and a strike $125.00 long put offers a potential 21.21% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $135.00 by expiration. The full premium credit of $1.75 would be kept by the premium seller. The risk of $8.25 would be incurred if the stock dropped below the $125.00 long put 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 60.96 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Boeing
Woodward Annuls $6.4B Hexcel Merger Amid Coronavirus Woes
Wed, 08 Apr 2020 08:38:08 +0000
Woodward (WWD) pulls the plug on its much-awaited merger deal with Hexcel, which is expected to cause a major setback in the aerospace industry.
Boeing making new 737 MAX software updates to address computer issue
Tue, 07 Apr 2020 23:49:47 +0000
Boeing Co
European and Asian Markets Green on Tuesday
Tue, 07 Apr 2020 22:08:51 +0000
Lindsay Corp shares gain on revenue growth Continue reading…
Major US Indexes Close Slightly Lower Tuesday
Tue, 07 Apr 2020 21:47:01 +0000
S&P; 500 down 0.16% Continue reading…
Germany's Lufthansa retires Boeing 747-400 jets in blow to Queen of the Skies (Photos)
Tue, 07 Apr 2020 18:36:53 +0000
Germany's flagship carrier is accelerating the planned retirement for its other superjumbo, the A380, in an unprecedented cull of its double-decker fleet.
Related Posts
Also on Market Tamer…
Follow Us on Facebook