Pull Back Fishing? /Earnings 7-27 BMOBA will announce earnings Monday before the market opens.
From what I read, analysts are not predicting an earnings beat. Zack, whoever he is, says it is a strong sell.
Sometimes the reaction to the news is more important than the news itself.
BA is above a strong support level of 113.02. The channel BA is traveling in appears to be broadening. Possible horizontal trading channel forming.
BA fell below the Bollinger Bands set on an 80 DMA, and popped back inside. When a security is below the bands it can also serve as an oversold signal.
It looks like price is at a resistance level and trying hard to get past it.
This is a tough market for securities to get out of a hole, but I it is hard to think of this country without this stock, so I would doubt it is going anywhere.
Possible recent bullish divergence between price and RSI.
No recommendation.
Percentage of Shares Shorted: 1.81%
Short Interest Ratio / Days to Cover: 1.1
The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. Boeing currently has a short interest ratio of 1.1.
What is the short interest of other stocks in this industry: Honeywell International Inc. (0.83%), Lockheed Martin Co. (1.11%), Northrop Grumman Co. (1.33%), General Dynamics Co. (1.36%), TransDigm Group Incorporated (2.23%), HEICO Co. (6.36%), Teledyne Technologies Incorporated (1.68%), Textron Inc. (2.39%), Huntington Ingalls Industries, Inc. (2.17%), and Curtiss-Wright Co. (2.36%).
Boeing saw a decline in short interest in May. As of May 31st, there was short interest totaling 10,720,000 shares, a decline of 5.5% from the previous total of 11,340,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment.
The market can remain irrational longer than you can stay solvent.
