Boeing (BA) Offering Possible 21.75% Return Over the Next 10 Calendar Days

Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $345.00 short call and a strike $352.50 long call offers a potential 21.75% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $345.00 by expiration. The full premium credit of $1.34 would be kept by the premium seller. The risk of $6.16 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 38.44 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Boeing

Get Ready for Merger Mania in Aerospace and Defense Stocks
Mon, 05 Aug 2019 08:28:02 +0000
United Technologies and Raytheon are merging, perhaps representing a sign of what's to come in the shifting landscape of defense contractors.

UK engineer Senior says Boeing 737 Max grounding will hit margins
Mon, 05 Aug 2019 07:00:14 +0000
British engineer Senior said margins in its aerospace business would be hit by the prolonged grounding of Boeing’s 737 Max as it posted a 16 per cent drop in pre-tax profit for the half year. The FTSE 250 aerospace and defence group, which makes sensors and other high-tech components for equipment manufacturers in aerospace, defence and power markets, counts Boeing as one of its top customers. The company on Monday said pre-tax profit fell 16 per cent to £26.5m.

UPDATE 1-British engineer Senior profit hit by 737 MAX groundings
Mon, 05 Aug 2019 06:34:40 +0000
British engineering firm Senior posted a 16% drop in first-half profit on Monday, as margins in its aerospace unit were hit by Boeing's production cuts of its best-selling 737 MAX planes following the global grounding of the jet. Senior, which makes a wide variety of components used in commercial jets and counts Boeing as one of its top customers, said pretax profit fell to 26.5 million pounds ($32.12 million)in the six months ended June 30 from 31.4 million pounds a year earlier. “Notwithstanding the reported 737 MAX production rate cuts and the ongoing uncertainty around the current geopolitical and macro-economic backdrop, overall the Board expects to meet current expectations for 2019,” Chief Executive Officer David Squires said in a statement.

Report: Leaked documents raise concerns about Boeing's Dreamliner production
Mon, 05 Aug 2019 00:03:53 +0000
KLM, Etihad, Eva Air, and Singapore Airlines detailed issues with the 787 jets in post-delivery customer satisfaction surveys.

Better Buy: Boeing vs. Textron
Sun, 04 Aug 2019 13:21:00 +0000
These two industrial titans are each battling through issues in their commercial aerospace units. So, which is the better buy?

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