Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $372.50 short call and a strike $377.50 long call offers a potential 78.57% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $372.50 by expiration. The full premium credit of $2.20 would be kept by the premium seller. The risk of $2.80 would be incurred if the stock rose above the $377.50 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 58.68 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Boeing
Is There Now An Opportunity In The Boeing Company (NYSE:BA)?
Thu, 28 Nov 2019 10:24:20 +0000
The Boeing Company (NYSE:BA) saw a decent share price growth in the teens level on the NYSE over the last few months…
Boeing 737 Max Hits New Obstacle While Crisis Spirals To 777X
Wed, 27 Nov 2019 21:08:30 +0000
The Boeing 737 Max and the next-generation 777 received separate setbacks from global regulators as the crisis over the narrowbody plane spills over to other Boeing aircraft.
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Wed, 27 Nov 2019 20:11:25 +0000
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UPDATE 1-Boeing 777X fuselage split during Sept stress test
Wed, 27 Nov 2019 19:34:21 +0000
The fuselage of Boeing Co's upcoming 777X aircraft was split by a high-pressure rupture just as it approached its target stress level during a test in early September, Boeing said on Wednesday. The world's largest planemaker suspended load testing of the new widebody in September when media reports said a cargo door failed a ground stress test. The Seattle Times, which first reported new details on the testing issue https://bit.ly/35AdjgE, said photos it had obtained of the test on the 777X showed that the extent of the damage was greater than previously disclosed and earlier reports were wrong about crucial details.
FAA Vows to Scrutinize New Boeing 737 Max Planes
Wed, 27 Nov 2019 18:10:19 +0000
Nov.27 — The Federal Aviation Administration intends to conduct final approval of factory-fresh Boeing Co. 737 Max jets before the aircraft are delivered. Bloomberg Opinion columnist Brooke Sutherland has the details on "Bloomberg Markets." Her opinions are her own.
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