Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $420.00 short put and a strike $415.00 long put offers a potential 58.73% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $420.00 by expiration. The full premium credit of $1.85 would be kept by the premium seller. The risk of $3.15 would be incurred if the stock dropped below the $415.00 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 78.56 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Boeing
Two bodies recovered after Amazon cargo plane crashes into Texas bay
Mon, 25 Feb 2019 05:24:38 +0000
All three people aboard the Boeing 767 cargo jetliner operated by Atlas Air Worldwide died in the crash as it approached Houston's George Bush Intercontinental Airport, Atlas and Boeing Co said in statements on Sunday. Chambers County Sheriff Brian Hawthorne told a news conference on Sunday that two bodies had been recovered and the search continued for the third person as well as the plane's black boxes. U.S. National Transportation Safety Board (NTSB) Chairman Robert Sumwalt said the agency obtained about five seconds of security video from a local jail that showed the crash.
The Latest: Employer IDs 1 person on board cargo plane
Mon, 25 Feb 2019 03:48:54 +0000
ANAHUAC, Texas (AP) — The Latest on the crash of a Boeing 767 jet freighter into Trinity Bay in Texas (all times local):
NTSB investigators begin ‘painstaking' probe into deadly Amazon cargo jet crash
Mon, 25 Feb 2019 01:48:22 +0000
The National Transportation Safety Board is looking for clues in the cause of the crash of Atlas Air Flight 3591, operating for Amazon. The Boeing 767-300 crashed into a marshy area of a bay near Houston …
[$$] Resurgence in Cyclical Stocks Pushes Dow Industrials Toward New High
Mon, 25 Feb 2019 00:26:28 +0000
Cyclical stocks typically tied to the health of the U.S. economy have driven the Dow Jones Industrial Average near a new all-time high, illustrating renewed investor confidence in the nearly 10-year expansion. Industrial, financial and energy stocks, including Boeing Co., Goldman Sachs Group Inc. and Exxon Mobil Corp., have powered the blue-chip stock index higher for nine consecutive weeks—the longest such winning streak since 1995. Some investors are now wagering the slow but sturdy economic expansion will also continue into the second half of this year and exceed the record from the 1990s.
[$$] Investigators Search for Black Boxes in Amazon Plane Crash
Mon, 25 Feb 2019 00:25:47 +0000
Investigators in Texas searched Sunday for cockpit voice and data recorders in the wreckage of a cargo plane flying for Amazon.com Inc. that went into a sudden nosedive and crashed over the weekend, killing the three people on board. The Boeing Co. 767 crashed into Trinity Bay near Houston around 12:45 p.m. Central time Saturday, according to the Federal Aviation Administration. The plane, operated by Atlas Air Worldwide Holdings Inc., was en route from Miami to Houston.
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