Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $340.00 short call and a strike $350.00 long call offers a potential 32.45% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $340.00 by expiration. The full premium credit of $2.45 would be kept by the premium seller. The risk of $7.55 would be incurred if the stock rose above the $350.00 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 25.5 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Boeing
European safety chief seeks more oversight of Boeing
Fri, 20 Dec 2019 10:36:12 +0000
Boeing needs more oversight from international regulators, according to the EU’s aviation safety chief, after weaknesses in US oversight were exposed following two fatal crashes of the 737 Max jet. Patrick Ky, executive director of the European Union Aviation Safety Agency, said the US safety regime lacked Europe’s “rigid” processes that would have raised questions about Boeing’s classification of flight control software later deemed to be a major factor in the crashes — which killed 346 people — as “not safety critical”.
GE’s Stock Has Rebounded. Options Traders Are Jumping on It.
Fri, 20 Dec 2019 10:30:00 +0000
With GE rising, some large options traders have made bets based on what’s known as a ratio spread: trying to capture more share appreciation by selling more calls than they buy
Boeing Starliner launch to pave way for astronauts
Fri, 20 Dec 2019 10:03:03 +0000
If the unpiloted test flight goes well, Boeing hopes to launch a crew to the space station in 2020.
Space hotels, air taxis will highlight the 2020s, Seattle futurist predicts
Fri, 20 Dec 2019 09:00:00 +0000
As an author, consultant and speaker, the Glen Hiemstra has advised businesses, governmental organizations, and even futuristic television shows.
Aerospace companies reshape small central Washington city
Fri, 20 Dec 2019 07:36:22 +0000
When the Air Force closed its B-52 bomber base in this small central Washington city in 1965, some residents of Moses Lake braced for the worst. But the desert community has thrived as an aerospace oasis.
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