Boeing (BA) Offering Possible 56.25% Return Over the Next 24 Calendar Days

Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $350.00 short put and a strike $345.00 long put offers a potential 56.25% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $350.00 by expiration. The full premium credit of $1.80 would be kept by the premium seller. The risk of $3.20 would be incurred if the stock dropped below the $345.00 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 down which suggests that the medium-term momentum for Boeing is bearish.

The RSI indicator is at 39.4 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Boeing

Air New Zealand orders eight Boeing 787 jets for long-haul flights
Mon, 27 May 2019 06:15:29 +0000
Air New Zealand Ltd said on Monday it has ordered eight Boeing Co 787-10 Dreamliner jets worth $2.7 billion (2.12 billion pounds) at list prices, to be powered by General Electric Co engines, as part of a drive toward increased efficiency. New Zealand's flag carrier also trimmed its earnings outlook citing higher fuel prices, and said problems with Rolls-Royce Holdings PLC engines and a moderation in demand growth have impacted its financial and operational performance. The new plane order confirmed a Reuters report last week that Boeing had beaten out rival Airbus SE, which had proposed the A350 for the hotly contested deal.

FAA reputation has taken a hit from Boeing 737 MAX grounding: United executive
Mon, 27 May 2019 02:01:21 +0000
The U.S. Federal Aviation Administration's (FAA) reputation has taken a hit as a result of the Boeing Co 737 MAX grounding, United Airlines President Scott Kirby said on Monday. United said on Friday it was extending by one month its cancellations of 737 MAX flights, through Aug. 3. The airline, which operated 14 737 MAX jets before the grounding, said the decision would lead to about 40 or 45 canceled flights daily.

Air New Zealand orders 8 Boeing Dreamliners with GE engines
Mon, 27 May 2019 01:55:43 +0000
WELLINGTON, New Zealand (AP) — Air New Zealand announced Monday that it has ordered eight new Boeing Dreamliner planes with a list price of $2.7 billion.

Air New Zealand Selects Boeing 787-10 Dreamliner for Future Growth
Sun, 26 May 2019 23:00:00 +0000
AUCKLAND, New Zealand, May 26, 2019 /PRNewswire/ — Boeing [NYSE:BA] and Air New Zealand today announced the airline plans to add the largest 787 Dreamliner model to its world-class fleet with a commitment to buy eight 787-10 airplanes valued at $2.7 billion at list prices.  The carrier, known for its global network and long-range operations, says the 787-10 complements its current 787-9 and 777 fleet by offering more seats and greater efficiency to grow its business. With the 787-10 offering around 15 percent more space for both customers and cargo than the 787-9, this investment creates the platform for our future strategic direction and opens up new opportunities to grow,” said Air New Zealand Chief Executive Officer Christopher Luxon.

Boeing Could Face SEC Probe Into 737 MAX Groundings: Report
Sun, 26 May 2019 15:22:00 +0000
gets some news about the flight availability of its beleaguered 737 MAX jet, the company may face a probe about the plane from the Securities and Exchange Commission, according to a published report. The equity market regulator is expected to review whether the company was forthcoming to investors about potential problems with the aircraft, which has been involved in two deadly crashes over the past eight months, Bloomberg reported. The agency also is reviewing Boeing's accounting to make sure its financial statements accurately have prepared shareholders for potential impacts from the grounding of the plane.

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