Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $160.00 short put and a strike $150.00 long put offers a potential 51.52% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $160.00 by expiration. The full premium credit of $3.40 would be kept by the premium seller. The risk of $6.60 would be incurred if the stock dropped below the $150.00 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 58.55 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Boeing
Northrop Grumman wins $13.3 bln missile replacement contract
Tue, 08 Sep 2020 22:31:23 +0000
Defense contractor Northrop Grumman Corp said on Tuesday it was awarded a $13.3 billion contract by the U.S. Air Force to modernize the country's intercontinental ballistic missile system. The contract comes as the U.S. military embarks on a costly modernization of its aging atomic weapons. The contract will span eight and a half years and include weapon system design and nuclear certification.
787 Dreamliner Grounding Raises New Headwinds for Boeing Stock
Tue, 08 Sep 2020 19:41:23 +0000
It's been a nightmare 2020 for investors in Boeing (NYSE: BA), with shares down nearly 50% since the start of the year on manufacturing woes and pandemic-related issues. The story took another turn for the worse this week with fresh questions being raised about Boeing's 787 Dreamliner manufacturing quality. For investors betting on a quick turnaround, it's getting a lot harder to see how Boeing shares get airborne anytime soon.
Dow's nearly 525-point drop led by losses for Apple Inc., Boeing shares
Tue, 08 Sep 2020 19:22:00 +0000
DOW UPDATE Dragged down by declines for shares of Apple Inc. and Boeing, the Dow Jones Industrial Average is seeing a selloff Tuesday afternoon. Shares of Apple Inc. (AAPL) and Boeing (BA) have contributed to the index's intraday decline, as the Dow (DJIA) was most recently trading 520 points lower (-1.
FAA probing Boeing 787 Dreamliner manufacturing issues
Tue, 08 Sep 2020 19:11:04 +0000
Yahoo Finance's Emily McCormick joins Kristin Myers to discuss the latest on Boeing, as the FAA begins to investigate manufacturing flaws in some of the company's 787 Dreamliners.
Airbus jet deliveries slip in August, stays ahead of Boeing
Tue, 08 Sep 2020 18:42:31 +0000
Airbus
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