Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $370.00 short put and a strike $365.00 long put offers a potential 47.06% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $370.00 by expiration. The full premium credit of $1.60 would be kept by the premium seller. The risk of $3.40 would be incurred if the stock dropped below the $365.00 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 66.33 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Boeing
PRESS DIGEST- Wall Street Journal – Nov 27
Wed, 27 Nov 2019 06:41:01 +0000
Dell, HP Inc., Deere, Boeing and Thanksgiving – 5 Things You Must Know Wednesday
Wed, 27 Nov 2019 05:31:00 +0000
U.S. stock futures rise after Donald Trump says negotiators are close to reaching an initial trade agreement between the U.S. and China; Deere reports earnings; HP Inc. beats earnings forecasts and remains quiet on Xerox's takeover bid.
Dow Jones Futures: Roku Hits Buy Point After 436% Run; 5 Key Earnings
Wed, 27 Nov 2019 04:06:15 +0000
Stock futures: Roku moved to a buy point after already soaring 436% in 2019. The FAA told Boeing its 737 Max review is ongoing. Veeva Systems and Autodesk are near buys after earnings.
FAA says it will have full control over approvals for new 737 Max jets
Wed, 27 Nov 2019 02:26:00 +0000
Federal safety regulators say they’ll keep full control over approving each new Boeing 737 Max built since the planes were grounded in March.
UPDATE 2-FAA says it will be the sole issuer of new 737 MAX airworthiness certificates
Tue, 26 Nov 2019 22:54:43 +0000
The Federal Aviation Administration said on Tuesday it notified Boeing Co that the agency will be the only issuer of airworthiness certificates for all new 737 MAX planes, a role that it had shared with the aircraft maker in the past. The U.S. air regulator also repeated that it has not completed its review of the 737 MAX aircraft design changes and associated pilot training.
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