Boeing (BA) Offering Possible 61.29% Return Over the Next 26 Calendar Days

Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $377.50 short call and a strike $382.50 long call offers a potential 61.29% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $377.50 by expiration. The full premium credit of $1.90 would be kept by the premium seller. The risk of $3.10 would be incurred if the stock rose above the $382.50 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 below 20 which suggests that the stock is in oversold territory.

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LATEST NEWS for Boeing

Nike, Boeing, Uber, Weak European Manufacturing Data – 5 Things You Must Know
Fri, 22 Mar 2019 09:50:00 +0000
U.S. futures turned sharply lower Friday after a private sector reading of economic activity in Europe slumped to its weakest level in seven years, underscoring concerns over slowing global growth, political uncertainty in Europe and flagging U.S.-China trade talks. Contracts tied to the Dow Jones Industrial Average fell 144 points, futures for the S&P 500 tumbled 14.75 points, and Nasdaq futures declined 34.50 points. “Most worrying is the plight of the manufacturing sector, which is now in its deepest downturn since 2013 as trade flows contracted at the sharpest rate since the debt crisis-ridden days of 2012,” said IHS chief economist Chris Williamson.

Garuda Indonesia seeks to cancel order for 49 Boeing Max 8s
Fri, 22 Mar 2019 09:46:58 +0000
Indonesia's flag carrier is seeking the cancellation of a multibillion dollar order for 49 Boeing 737 Max 8 jets, citing a loss of confidence after two crashes in the past six months. It is the first announcement of a cancellation since Boeing's new model aircraft were grounded following fatal crashes in Indonesia and Ethiopia. PT Garuda Indonesia's spokesman Ikhsan Rosan said Friday that the airline, which ordered 50 Max 8 jets in 2014 and so far has received just one, sent a letter to Boeing last week asking to cancel the order worth $4.9 billion.

How Boeing’s 737 MAX Problems Could Spread Through the Market
Fri, 22 Mar 2019 09:00:00 +0000
If the airplane remains grounded for an extended period, the impact could affect the stocks of airlines and airline lessors—including GE—and the bond market.

India's SpiceJet in talks with lessors to induct aircraft
Fri, 22 Mar 2019 08:31:53 +0000
India's SpiceJet Ltd said on Friday it was in talks will lessors globally to induct aircraft, in an effort to fill a gap after the grounding of its MAX fleet. The airline was forced to ground its 12 Boeing Co 737 MAX 8 planes by India's aviation watchdog due to safety concerns after an Ethiopian Airlines plane crash that killed 157 people earlier this month. The low-cost carrier could also benefit from cash-strapped Jet Airways being forced to ground planes, and is in talks with lessors to lease some of those aircraft, a person with direct knowledge of the matter had told Reuters earlier this week.

Factobox: What we know about Boeing 737 MAX crash and what comes next
Fri, 22 Mar 2019 07:39:48 +0000
Investigators looking to uncover the causes must answer one of the biggest questions: Was the plane's software to blame? – Boeing has stopped delivery of all new MAX jets. Its shares have fallen 12 percent since the Ethiopian Airlines crash, wiping $28 billion from its market value.

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