Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $122.00 short call and a strike $127.00 long call offers a potential 29.87% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $122.00 by expiration. The full premium credit of $1.15 would be kept by the premium seller. The risk of $3.85 would be incurred if the stock rose above the $127.00 long call 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 36.6 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
5 Things Boeing Co. Management Wants You to Know
Sat, 30 Jan 2016 15:50:00 GMT
Why a Boeing 737 MAX 8 Costs $110 Million
Sat, 30 Jan 2016 14:40:17 GMT
[$$] Boeing Gets Contract for Air Force One
Sat, 30 Jan 2016 04:42:01 GMT
Boeing 737 MAX first flight
Sat, 30 Jan 2016 02:01:00 GMT
Cramer Remix: These major names can climb higher
Fri, 29 Jan 2016 23:57:24 GMT
CNBC – “Mad Money” host Jim Cramer puts profits center stage.
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