Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $177.50 short put and a strike $172.50 long put offers a potential 21.95% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $177.50 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock dropped below the $172.50 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 62.15 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Boeing
Airbus Q1 profit slides on engine delays, price squeeze
Thu, 27 Apr 2017 09:50:12 +0000
Core profit at Airbus more than halved in the first quarter as it cut prices of old models and delays at an engine maker hampered deliveries of its profitable new A320neo jet. Airbus' results came a day after rival Boeing reported a 19 percent rise in first-quarter profit, with the world's largest planemaker also lifting its full-year forecast.
Airbus Q1 core profit down 52 pct, reaffirms targets
Thu, 27 Apr 2017 05:19:24 +0000
Europe's Airbus on Thursday posted a 52 percent drop in first-quarter profit, weighed down by weaker prices for some jets as it changes over to new models and higher production costs, but reaffirmed targets …
Companies cheer Trump tax cuts, but jobs are less certain to follow
Thu, 27 Apr 2017 01:12:50 +0000
U.S. businesses would reap a windfall if President Donald Trump's plan to cut corporate tax rates and slash taxes on cash parked overseas becomes law, but it was unclear whether they would stimulate a surge in investment and job creation in return. Under Trump's proposals, American companies would move from being the most highly taxed among the Group of 20 countries to among the lowest. Tax rates would fall below those of neighboring Mexico and Canada, which Trump has accused of shortchanging the United States in trade deals.
Tax Reform Could Boost U.S. Businesses: Cramer's ‘Mad Money' Recap (Wednesday 4/26/17)
Thu, 27 Apr 2017 00:02:00 +0000
True driving force behind this market remains earnings, says Jim Cramer, but don't ignore the impact of tax reform — if it happens.
Cramer Remix: Billions of dollars could be about to flood…
Wed, 26 Apr 2017 23:11:00 +0000
Jim Cramer reviews the impact of President Trump’s proposed tax cuts, and finds one juicy perk.
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