Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $362.50 short put and a strike $357.50 long put offers a potential 28.21% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $362.50 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock dropped below the $357.50 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 64.47 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Boeing
Emirates orders 30 Boeing 787 Dreamliners
Wed, 20 Nov 2019 10:53:00 +0000
DUBAI, United Arab Emirates (AP) – The Middle East's biggest carrier, the Dubai-based Emirates, announced on Wednesday a firm order for 30 Boeing 787 Dreamliners in a deal valued at $8.8 billion. Emirates CEO and Chairman Sheikh Ahmed bin Saeed Al Maktoum said this order replaces an agreement for 150 777x Boeing to 126 of that aircraft, and adds 30 of the 787-9 Dreamliners. He spoke to reporters at the Dubai Airshow. Combined with Emirates' previous announcement this week for new Airbus aircraft, this brings the airline's total orders at the airshow to $24 billion. Airlines, however, typically negotiate steep discounts from manufacturers.
50 Orders of the 737 Max Plane, and Two More Numbers to Know
Wed, 20 Nov 2019 10:15:00 +0000
STOCKSTOWATCHTODAY BLOG Three numbers to start your day: (BA) Recently Received 50 Orders for the Grounded 737 Max Aircraft That’s of course good news for the beleaguered airplane manufacturer. But why are airlines agreeing to buy these planes now? It’s because planes are bought years in advance, and those purchases are part of multi-year fleet and capacity plans.
Emirates orders $9bn aircraft from Boeing in wake of Airbus deal
Wed, 20 Nov 2019 09:17:25 +0000
Emirates, the Middle East’s largest carrier, ordered 30 Boeing 787-9 aircraft worth $8.8bn at list prices while paring back its deal for the delayed B777x from 150 to 126. The order for 30 Boeing 787 Dreamliners, struck after talks at the Dubai air show, has seen the Dubai government-owned carrier exercise its right to substitute B787s for the B777x. Wednesday’s investment with Boeing adds to Emirates’ $16bn Airbus A350 order, announced two days ago, to bring the airline’s firm aircraft commitments at the show to $24.8bn, as the world’s largest operator of Boeing 777 plans to expand its network into new markets with a broader mix of aircraft.
Emirates orders 30 Boeing 787, reduces 777X order to 126 jets
Wed, 20 Nov 2019 09:02:01 +0000
Emirates unveiled a $9 billion order for 30 Boeing 787 Dreamliners on Wednesday, paving the way for a 16% reduction in orders for the delayed 777X airliner to 126 aircraft following intense last-minute talks during the Dubai Airshow. Emirates tentatively ordered 40 Dreamliners in 2017 but “tough” talks to finalise the order this week had hinged on negotiations over the fate of a massive separate order for 150 777X after the latter ran into delays.
U.S. FAA head says will be tougher on the certification of the Boeing 777x
Wed, 20 Nov 2019 08:25:56 +0000
The head of the U.S. Federal Aviation Administration (FAA) said the FAA will be tougher on the certification of the Boeing 777x, speaking at the Dubai Airshow on Wednesday. FAA Administrator Steve Dickson also repeated the message that the FAA was not following any timeline for the return to service of the grounded 737 MAX model and said time pressure cannot influence the FAA's regulatory process.
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