Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $355.00 short put and a strike $345.00 long put offers a potential 33.33% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $355.00 by expiration. The full premium credit of $2.50 would be kept by the premium seller. The risk of $7.50 would be incurred if the stock dropped below the $345.00 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 61.94 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Boeing
Boeing drops automation system used to build 777 jets
Thu, 14 Nov 2019 09:16:59 +0000
The company began to build 777 fuselages in 2015 in an upright orientation, with robots drilling holes and installing fasteners, an initiative known as fuselage automated upright build (FAUB). Boeing had faced delays last year when the FAUB machine was tried out on existing versions of the 777. Instead, the company will switch to “flex tracks” – an automated method to drill the holes along the circumference of the airplane that are then fastened manually.
Hong Kong's Cathay defers delivery of 4 Airbus planes as demand falls
Thu, 14 Nov 2019 05:24:20 +0000
Hong Kong's Cathay Pacific Airways Ltd said on Thursday it would defer the delivery of four Airbus SE narrowbodies in 2020 as it grapples with falling demand due to anti-government protests in its home city. In addition to delaying the arrival of three A321neos at regional arm Cathay Dragon and one A320neo at budget carrier HK Express, it will also retire one Boeing Co 777-300ER and one Cathay Dragon A320 more quickly than expected, it said in a presentation to analysts.
Southwest pilots union says Boeing may be trying to hasten 737 MAX return
Thu, 14 Nov 2019 04:02:44 +0000
The head of the Southwest Airlines Co
Airbus A320 Nears Big Order Amid Boeing 737 Max Woes But Its Military Jet Sputters
Wed, 13 Nov 2019 21:07:33 +0000
Airbus seems poised to win an order for 100 jets from Air Arabia, as Boeing 737 Max groundings persist.
Report: U.S. airlines willing to take 737 MAX jets next month
Wed, 13 Nov 2019 20:47:58 +0000
Boeing hopes it can restart deliveries in December, but pilot training that will clear the jets for passenger flights isn't expected to be approved until January.
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