Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $360.00 short put and a strike $350.00 long put offers a potential 27.39% 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 $360.00 by expiration. The full premium credit of $2.15 would be kept by the premium seller. The risk of $7.85 would be incurred if the stock dropped below the $350.00 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 64.11 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Boeing
Boeing, Republic of Ghana Sign Memorandum of Understanding for Three 787-9 Dreamliner Jets
Tue, 19 Nov 2019 10:48:00 +0000
DUBAI, United Arab Emirates, Nov. 19, 2019 /PRNewswire/ — Boeing [NYSE:BA] and the Republic of Ghana announced today that the country intends to re-launch an airline starting with the 787-9 Dreamliner. The parties signed a memorandum of understanding at the Dubai Air Show for three airplanes with a list price value of $877.5 million according to list prices. “There is a growing demand for air travel to and from Ghana and we believe the advanced 787-9 Dreamliner gives us an efficient and flexible machine to launch a regional network and eventually serve international destinations in the future,” said Joseph Kofi Adda, Honorable Minister of Aviation and Member of Parliament, Republic of Ghana.
Ghana and Boeing sign provisional order for three 787 Dreamliners at Dubai Airshow
Tue, 19 Nov 2019 10:42:50 +0000
REFILE-Emirates says size of Boeing 777x order depends on delivery schedule
Tue, 19 Nov 2019 09:47:25 +0000
Emirates still intends to take the 150 Boeing 777X jets it had ordered, but that could change depending on the delivery schedule, its president said on Tuesday. Any Boeing 787 Dreamliners the airline orders could be in addition to the 777X planes already ordered or could replace some of them, Emirates President Tim Clark told reporters at the Dubai Airshow. Emirates is still not sure when it will receive the first delivery of Boeing 777X planes, he said.
Air Astana says signs letter of intent for 30 Boeing 737 MAX
Tue, 19 Nov 2019 08:09:45 +0000
Kazakhstan flag carrier Air Astana said on Tuesday it had signed a letter of intent to order 30 Boeing 737 MAX for its recently launched low-cost carrier subsidiary Fly Arystana. The carrier, which operates Airbus and Embraer jets in its main network, said it was confident in Boeing's ability to resolve problems over the grounding of the MAX in the wake of two accidents. “We are making flying affordable for the people of Kazakhstan,” Chief Planning Officer Alma Aliguzhinova told reporters at the Dubai Airshow, adding the budget subsidiary would start taking the jets in late 2021.
Boeing, Air Astana Announce Intent To Buy 30 737 MAX Airplanes
Tue, 19 Nov 2019 08:08:00 +0000
DUBAI, United Arab Emirates, Nov. 19, 2019 /PRNewswire/ — Air Astana intends to order 30 Boeing 737 MAX 8 airplanes to serve as the backbone of its new low-cost airline FlyArystan, the Kazakh flag carrier and Boeing announced at the Dubai Airshow. Since beginning operations in May 2002, Air Astana has steadily grown its business from its hubs in Almaty and Nur-Sultan (formerly Astana), sprouting a network that serves major cities across Kazakhstan, Central Asia, Asia, China, Europe and Russia.
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