Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $185.00 short call and a strike $190.00 long call offers a potential 33.33% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $185.00 by expiration. The full premium credit of $1.25 would be kept by the premium seller. The risk of $3.75 would be incurred if the stock rose above the $190.00 long call 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 55.31 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Boeing
UK says: wants to be first with carbon zero Atlantic commercial plane
Thu, 02 Jul 2020 09:32:31 +0000
The United Kingdom wants to be the first to develop a commercial jet plane to fly across the Atlantic Ocean without any carbon emissions, Transport Secretary Grant Shapps said on Thursday. Prime Minister Boris Johnson surprised some in the aviation sector on Tuesday when he promised the United Kingdom would produce the world’s first zero emission long haul passenger plane. “We've set up the JetZero council specifically to take forward the objective of being the first country to develop a jet commercial airliner to fly zero carbon across the Atlantic,” Shapps told the British parliament.
PRESS DIGEST- New York Times business news – July 2
Thu, 02 Jul 2020 05:31:59 +0000
U.S. regulator, Boeing complete 737 MAX certification test flights
Thu, 02 Jul 2020 01:52:00 +0000
The Federal Aviation Administration and Boeing Co have completed certification test flights on the 737 MAX, a key milestone toward the plane's return to service, the U.S. regulator said on Wednesday. The MAX has been grounded since March 2019 after two fatal crashes in five months killed 346 people. “The agency is following a deliberate process and will take the time it needs to thoroughly review Boeing's work,” the FAA said.
Boeing (BA) Stock Sinks As Market Gains: What You Should Know
Wed, 01 Jul 2020 21:45:09 +0000
Boeing (BA) closed the most recent trading day at $180.32, moving -1.63% from the previous trading session.
Why Shares of Boeing Climbed Higher in June
Wed, 01 Jul 2020 21:35:00 +0000
Boeing (NYSE: BA) has had a miserable 2020, but the aerospace giant is steadily making progress resolving some of its biggest issues. The stock is still down big for the year, but shares climbed 25.7% in June, according to data provided by S&P Global Market Intelligence, as investors gained confidence the worst is over for Boeing. Boeing had hit turbulence well before the COVID-19 pandemic, weighed down by the March 2019 grounding of its 737 Max jet.
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