Boeing (BA) Offering Possible 75.44% Return Over the Next 17 Calendar Days

Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $347.50 short call and a strike $352.50 long call offers a potential 75.44% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $347.50 by expiration. The full premium credit of $2.15 would be kept by the premium seller. The risk of $2.85 would be incurred if the stock rose above the $352.50 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 54.09 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

Boeing Scores Big Win in Navy Drone Competition
Sun, 02 Sep 2018 19:01:00 +0000
The company's commercial operations get most of the attention, but its defense business just got a much-needed win.

[$$] Embracing Amazon
Sat, 01 Sep 2018 00:00:00 +0000
Amazon.com • AMZN-Nasdaq Overweight • Price $1,927.68 on Aug. 27 by Morgan Stanley Research We are raising our price target from $1,850 to $2,500 because we have increasing confidence that Amazon’s rapidly growing high-margin revenue streams (in advertising, web services, and subscriptions) will drive higher profitability and continue to support upward estimate revisions. Note that our forecasts are at 9% to 7% ahead of consensus 2018-19 GAAP Ebit estimates.

Stocks – Dow Reverses Gains to Close Lower as Trade Turmoil Continues
Fri, 31 Aug 2018 23:45:00 +0000
Investing.com – Stocks closed lower as sentiment was rocked by fears a global trade war could be brewing amid uncertainty about the outcome of U.S.-Canada trade talks, which reportedly are set to resume next week.

Boeing (BA) Stock Sinks As Market Gains: What You Should Know
Fri, 31 Aug 2018 21:45:09 +0000
In the latest trading session, Boeing (BA) closed at $342.79, marking a -1.19% move from the previous day.

Spirit AeroSystems boosting overtime pay to meet demand
Fri, 31 Aug 2018 16:27:25 +0000
In a effort to keep up with record-high factory demand, Spirit AeroSystems Inc. has incentivized even more overtime at its plant in Wichita.  According to a joint letter sent to workers by the company and the International Association of Machinists and Aerospace Workers, a copy of which was obtained by the WBJ, Spirit and the union have agreed on a plan to temporarily increase overtime pay.

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