Boeing (BA) Offering Possible 63.93% Return Over the Next 9 Calendar Days

Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $355.00 short call and a strike $360.00 long call offers a potential 63.93% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $355.00 by expiration. The full premium credit of $1.95 would be kept by the premium seller. The risk of $3.05 would be incurred if the stock rose above the $360.00 long call 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 34 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Boeing

UBS says European aerospace sector to get boost from Airbus exposure
Tue, 10 Dec 2019 09:53:00 +0000
In a note on the European aerospace and defense sector, UBS said Airbus was its top pick as it also upgraded MTU Aero Engines , Bodycote and Leonardo to buy from neutral, and Qinetiq to neutral from sell. UBS also reiterated a sell on Meggitt . UBS said 2020 is likely to be another good year for European civil names, which benefit from greater relative exposure to Airbus than to Boeing, and it's turning more positive on defense on the prospect of "more self-reliance" given Brexit and a contrasting U.S. stance.

PRESS DIGEST- New York Times business news – Dec. 10
Tue, 10 Dec 2019 06:06:02 +0000
– Amazon.com Inc said in a legal complaint unsealed on Monday that it had lost a $10 billion cloud computing contract with the Pentagon because President Trump used “improper pressure” to divert the contract from the company to harm its chief executive, Jeff Bezos. – Four months before the first deadly crash of Boeing Co's 737 Max, a senior manager approached an executive at the company with concerns that the plane was riddled with production problems and potentially unsafe. – A war of words erupted on Monday between The Atlanta Journal-Constitution and Warner Bros over “Richard Jewell,” a new Clint Eastwood-directed film that depicts the newspaper's reporting after a bomb exploded at the 1996 Summer Olympics.

Dow Jones Futures: Stock Market, Apple On China Trade War Watch; Boeing, MongoDB, Stitch Fix Move On News
Tue, 10 Dec 2019 04:00:14 +0000
Dow Jones futures: The stock market rally and Apple stock await China trade war clarity from President Trump on Dec. 15 tariffs. MongoDB, Stitch Fix, Boeing were movers overnight.

Former Boeing employee who warned about 737 problems will testify at hearing
Tue, 10 Dec 2019 01:58:32 +0000
A former Boeing Co employee who warned of problems with 737 production will testify on Wednesday at a U.S. House hearing on the Federal Aviation Administration (FAA) review of the grounded 737 MAX. Former Boeing employee Edward Pierson, who had worked as a senior operations manager in the flight tesat and evaluation unit, will testify before the U.S. House Transportation and Infrastructure Committee. Pierson's concerns were referenced at an Oct. 30 hearing – though he had not been named previously.

UPDATE 3-Former Boeing employee who warned about 737 problems will testify at hearing
Mon, 09 Dec 2019 23:15:03 +0000
A former Boeing Co employee who warned of problems with 737 production will testify on Wednesday at a U.S. House hearing on the Federal Aviation Administration (FAA) review of the grounded 737 MAX. Former Boeing employee Edward Pierson, who had worked as a senior operations manager in the flight tesat and evaluation unit, will testify before the U.S. House Transportation and Infrastructure Committee. Pierson's concerns were referenced at an Oct. 30 hearing – though he had not been named previously.

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