Boeing (BA) Offering Possible 32.63% Return Over the Next 3 Calendar Days

Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $427.50 short call and a strike $432.50 long call offers a potential 32.63% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $427.50 by expiration. The full premium credit of $1.23 would be kept by the premium seller. The risk of $3.77 would be incurred if the stock rose above the $432.50 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 54.37 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Boeing

China, Indonesia ground Boeing 737 MAX 8 fleets after Ethiopia crash
Mon, 11 Mar 2019 12:40:19 +0000
ADDIS ABABA/BEIJING (Reuters) – China and Indonesia grounded their fleets of Boeing's 737 MAX 8 aircraft on Monday, and investigators recovered the black box from a crash that killed 157 people, the second disaster in less than five months involving the new model. The crash follows one of the same aircraft model operated by Indonesia's Lion Air, which went down in October shortly after take off, killing all 189 people on board. Boeing's share price plunged at the prospect that two such crashes in such a short time could reveal flaws in its new plane.

[$$] Indonesia, China Ground Some Boeing Jets After Fatal Crash
Mon, 11 Mar 2019 12:39:34 +0000
737 MAX 8 aircraft on Monday following Sunday’s deadly Ethiopian Airlines crash, a sharp break from traditional air-safety practice that divided experts and ratcheted up pressure on the U.S. plane maker. Boeing shares were trading almost 9% lower early Monday in premarket trading.

Trouble for Boeing, the Value of Capitalism, and More Things to Know About Stocks for Monday
Mon, 11 Mar 2019 12:14:00 +0000
Boeing shares are dragging down the Dow, but the other major U.S. indexes were poised for small gains.

Stock Futures Mixed, Boeing Sinks Dow Jones; Apple, Facebook Upgraded
Mon, 11 Mar 2019 12:13:42 +0000
Boeing dived, Apple and Facebook climbed early Monday, leaving stock futures mixed as global markets rebounded from a tought day Friday.

Bulls Have Some Hard Work to Do to Take Back Control of the Market
Mon, 11 Mar 2019 12:13:00 +0000
After it sold off every day last week, conditions are good for the S&P 500 to bounce. There are a couple unfilled gaps on the chart, it is option expiration week and it is technically oversold. The S&P 500 is indicated higher in the early going, but that is being covered up by weakness in Boeing Co.

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