Boeing (BA) Offering Possible 78.57% Return Over the Next 6 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 $375.00 short call and a strike $380.00 long call offers a potential 78.57% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $375.00 by expiration. The full premium credit of $2.20 would be kept by the premium seller. The risk of $2.80 would be incurred if the stock rose above the $380.00 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 41.29 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Boeing

UPDATE 1-FAA failed to properly review 737 MAX jet anti-stall system – JATR findings
Fri, 11 Oct 2019 07:01:36 +0000
WASHINGTON/SINGAPORE, Oct 11 (Reuters) – An international panel of air safety regulators on Friday harshly criticized the U.S. Federal Aviation Administration’s (FAA) review of a safety system on Boeing Co’s 737 MAX jet that was later tied to two crashes that killed 346 people. The Joint Authorities Technical Review (JATR) was commissioned by the FAA in April to look into the agency’s oversight and approval of the so-called MCAS anti-stall system before the fatal crashes. “The JATR team found that the MCAS was not evaluated as a complete and integrated function in the certification documents that were submitted to the FAA,” the 69-page series of findings and recommendations said.

FAA failed to properly review 737 MAX jet anti-stall system: JATR findings
Fri, 11 Oct 2019 05:55:21 +0000
WASHINGTON/SINGAPORE (Reuters) – An international panel of air safety regulators on Friday harshly criticized the U.S. Federal Aviation Administration’s (FAA) review of a safety system on Boeing Co’s 737 MAX jet that was later tied to two crashes that killed 346 people. The Joint Authorities Technical Review (JATR) was commissioned by the FAA in April to look into the agency’s oversight and approval of the so-called MCAS anti-stall system before the fatal crashes. “The JATR team found that the MCAS was not evaluated as a complete and integrated function in the certification documents that were submitted to the FAA,” the 69-page series of findings and recommendations said.

Qantas hopes its ultra-long-haul flights will go the distance
Fri, 11 Oct 2019 04:33:33 +0000
Qantas Airways will begin testing the longest direct flights in the world next Friday, as the Australian airline aims to stretch the boundaries of technological innovation in a bid to woo premium passengers …

NASA chief says SpaceX and other contractors need more realistic timelines
Fri, 11 Oct 2019 00:59:00 +0000
NASA Administrator Jim Bridenstine said Thursday that a recent Twitter statement critical of SpaceX was a signal to all the space agency’s contractors about realistic development timelines.

Delta Air Lines from Windfall to Skyfall?
Thu, 10 Oct 2019 23:40:07 +0000
Delta Air Lines (DAL) reported an EPS of $2.32 in Q3, beating the expectation of $2.26, but the stock opened 3.7% lower on weak Q4 guidance

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