Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $347.50 short put and a strike $342.50 long put offers a potential 85.19% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $347.50 by expiration. The full premium credit of $2.30 would be kept by the premium seller. The risk of $2.70 would be incurred if the stock dropped below the $342.50 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 39 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Boeing
UPDATE 1-Resurgent Boeing 737 MAX could trigger jet surplus, analyst warns
Tue, 05 Nov 2019 02:20:45 +0000
Airlines struggling to cope with the grounding of the 737 MAX could face a markedly different problem when Boeing Co's best-selling jet is cleared to re-enter service: a switch to concerns about aircraft oversupply, carriers have been warned. The U.S. planemaker has continued to produce the jet since it was grounded in March after two fatal accidents, and is expected to speed deliveries by 40%, to 70 units a month, when its factory doors reopen, in a bid to clear the backlog.
10 most FIRE-friendly places to live if you want to retire early
Mon, 04 Nov 2019 23:19:00 +0000
Short for Financial Independence, Retire Early, the FIRE movement finds its roots in the 1992 best-seller “Your Money or Your Life” by Joe Dominguez (a Wall Street financial analyst who — you guessed it — retired at 31) and Vicki Robin (who turned a modest inheritance into an income stream that allowed her to quit work at 23). As a result, “Knoxville is an easy place to live, to raise a family, or to retire,” she says.
UPDATE 1-U.S. House Democrats to continue probe after Boeing testimony
Mon, 04 Nov 2019 22:33:33 +0000
The chairman of the U.S. House Transportation and Infrastructure Committee and the head of its aviation subcommittee said on Monday that it will continue its investigation into two fatal 737 MAX crashes after Boeing's testimony prompted new questions. Boeing spokesman Gordon Johndroe said Monday the company “will continue to cooperate with the committee.” The Federal Aviation Administration (FAA) declined to comment.
U.S. House Democrats to continue probe after Boeing testimony
Mon, 04 Nov 2019 21:41:04 +0000
The chairman of the U.S. House Transportation and Infrastructure Committee and the head of its aviation subcommittee said on Monday that it will continue its investigation into two fatal 737 MAX crashes after Boeing's testimony prompted new questions. Boeing spokesman Gordon Johndroe said Monday the company “will continue to cooperate with the committee.” The Federal Aviation Administration (FAA) declined to comment.
UPDATE 1-Boeing tests space taxi, one of three parachutes does not open
Mon, 04 Nov 2019 20:17:05 +0000
SEATTLE/WASHINGTON, Nov 4 (Reuters) – Boeing Co said on Monday that one of three parachutes failed to deploy during an otherwise successful safety test of its unmanned CST-100 Starliner crew capsule, being developed to ferry astronauts to and from the International Space Station. The deployment failure happened during a so-called pad abort test of a system designed to propel the crew to safety in the event of an emergency, Boeing spokesman Todd Blecher said by email. “It's too early to determine why all three main parachutes did not deploy,” Blecher said.
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