Boeing (BA) Offering Possible 60.77% Return Over the Next 7 Calendar Days

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Boeing’s most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $237.50 short call and a strike $242.50 long call offers a potential 60.77% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $237.50 by expiration. The full premium credit of $1.89 would be kept by the premium seller. The risk of $3.11 would be incurred if the stock rose above the $242.50 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 76.14 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Boeing

Why analysts missed the Boeing rally
Wed, 09 Aug 2017 23:47:00 +0000
Jim Cramer looks into why so many Wall Street professionals overlooked the soaring stock of aircraft manufacturer Boeing.

Cramer Remix: How low expectations drove this stock to ne…
Wed, 09 Aug 2017 23:42:00 +0000
Jim Cramer explains how under-promising and over-delivering sent shares of Boeing skyrocketing higher.

Boeing: Cramer’s Top Takeaways
Wed, 09 Aug 2017 23:34:00 +0000
Jim Cramer says Boeing has become a master at under-promising and over-delivering.

Cramer Remix: How low expectations drove this stock to new heights
Wed, 09 Aug 2017 22:59:58 +0000
Jim Cramer explains how under-promising and over-delivering sent shares of Boeing skyrocketing higher.

Cramer explains why analysts missed the rally in Boeing’s…
Wed, 09 Aug 2017 22:50:00 +0000
Jim Cramer looks into why so many Wall Street professionals overlooked the soaring stock of aircraft manufacturer Boeing.

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