Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $180.00 short put and a strike $175.00 long put offers a potential 38.89% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $180.00 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $3.60 would be incurred if the stock dropped below the $175.00 long put 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 up which suggests that the medium-term momentum for Boeing is bullish.
The RSI indicator is at 42.12 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Boeing
Ryanair hopes to land first Boeing 737 MAX jet by November
Wed, 01 Jul 2020 09:53:51 +0000
Ryanair, one of the largest customers for Boeing's troubled 737 MAX, hopes to take its first delivery in November after the jet's first test flight appeared to go well, Group Chief Executive Michael O'Leary said on Wednesday. Boeing Co
Google, Boeing, Beyond Meat, Coronavirus – 5 Things You Must Know Wednesday
Wed, 01 Jul 2020 09:38:00 +0000
Stock futures are flat after the S&P; 500 posts its best quarter in more than two decades; Google will delay the reopening of its U.S. offices until September; Boeing failed to tell the FAA about key changes to the 737 MAX jet.
Dow Jones Futures Fall 100 Points: Coronavirus Stock Market Rally Posts Best Quarter In Decades; FedEx Surges On Earnings
Wed, 01 Jul 2020 02:53:55 +0000
Dow Jones futures were in focus late Tuesday after the coronavirus stock market rally set the best quarterly performance in decades.
Exclusive: Boeing kept FAA in the dark on key 737 MAX design changes: U.S. IG report
Wed, 01 Jul 2020 02:21:59 +0000
Boeing Co failed to submit certification documents to the U.S. Federal Aviation Administration (FAA) detailing changes to a key flight control system faulted in two fatal crashes, a long-awaited government report seen by Reuters has found. The flight control system, known as MCAS, was “not an area of emphasis” because Boeing presented it to the FAA as a modification of the jet's existing speed trim system, with limited range and use, according to the report. The 52-page report by the U.S. Department of Transportation's Office of Inspector General (IG), dated June 29 and set to be made public Wednesday, laid bare mistakes made by both the planemaker and FAA in the development and certification of Boeing's top-selling aircraft.
US STOCKS-S&P 500 ends best quarter since 1998 on a high note
Tue, 30 Jun 2020 20:26:04 +0000
The S&P 500 rallied on Tuesday to finish higher and secure its biggest quarterly percentage gain in more than two decades as improving economic data bolstered investor beliefs that a stimulus-backed rebound for the U.S. economy was on the horizon. Coming off a drop of 20% in the first quarter, the biggest quarterly decline since the financial crisis in the fourth quarter of 2008, the S&P rallied more than 19.95% to notch its biggest quarterly gain since 1998, at the height of the tech boom.
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