Boeing's most recent trend suggests a bullish bias. One trading opportunity on Boeing is a Bull Put Spread using a strike $355.00 short put and a strike $345.00 long put offers a potential 36.99% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $355.00 by expiration. The full premium credit of $2.70 would be kept by the premium seller. The risk of $7.30 would be incurred if the stock dropped below the $345.00 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 39.23 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Boeing
Man whose family died in Boeing 737 Max crash: Scrap the jet
Tue, 16 Jul 2019 08:31:00 +0000
Paul Njoroge says he believes Boeing should scrap the 737 Max, and he wants the company’s top executives to resign and face criminal charges for not grounding the plane after a deadly accident last October.
Delayed delivery of Boeing Max jets to hit Ryanair’s growth
Tue, 16 Jul 2019 07:24:43 +0000
Low-cost carrier Ryanair has warned that delayed deliveries of 737 Max jets will slow its growth, the latest example of the fallout from the grounding of one of Boeing’s flagship aircraft. Michael O’Leary, the airline’s chief executive, said on Tuesday that the delay would cut Ryanair’s growth rate from 7 per cent to 3 per cent in the peak summer months from end of March 2020 to end of October that year.
UPDATE 1-Ryanair cuts summer 2020 growth rate on Boeing MAX doubts
Tue, 16 Jul 2019 06:49:03 +0000
Europe's largest budget carrier Ryanair has cut its forecast for growth in traveller numbers next summer due to the possibility of further delays in deliveries of Boeing 737 MAX planes. Ryanair cut its summer 2020 growth rate to 3% from 7%, which means full year traffic growth for the year to March 2021 will be cut from 162 million passengers to around 157 million. The airline expects the grounded aircraft to return to service before the end of the year, with the first of new aircraft ordered by Ryanair to be delivered in January and February 2020.
Ryanair halves 2020 growth plans on Boeing MAX delays
Tue, 16 Jul 2019 06:34:23 +0000
Europe's largest budget airline, which has firm orders for 135 of the 737 MAX, is one of Boeing's biggest customers for the plane. Boeing is working on a software fix that people close to the matter have said it hopes to present to regulators in September. Ryanair said on Tuesday it expected the 737 MAX to return to service before the end of the year, with the first new planes to be delivered to it some time between January and February 2020.
American Airlines and United Airlines Cancel More Boeing 737 MAX Flights
Tue, 16 Jul 2019 01:50:00 +0000
Two of the three U.S. airlines that own Boeing 737 MAX jets recently acknowledged that the plane won't return to service until at least November.
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