The Boeing Company (NYSE:BA) committee expected to make safety recommendations

The Boeing Company (NYSE:BA) committee expected to make safety recommendations

The Boeing Company (NYSE:BA) committee expected to make safety recommendations

A small committee from Boeing’s board is expected to deliver safety recommendations to the full board this week, according to a source with knowledge of the situation.

The committee is expected to call for changes to the company’s structure — including the creation of new groups focused on safety — and urge the company to make changes to airplane cockpits to accommodate new pilots who may have less training, the source said.The recommendations were first reported by the New York Times.

The safety recommendations come after two crashes of Boeing’s 737 Max, which killed 346 people and led to the grounding of that type of aircraft worldwide.

This panel did not investigate the internal process for the Boeing 737 Max specifically but instead this was more of an overall look at the company’s internal process for building planes, with the goal of trying to improve it.

The committee will recommend that Boeing (BA) engineers first report safety concerns, which may slow development, to the chief engineer and then to business leaders.

Under Boeing’s current structure, concerns are first reported to the business leaders who face production deadlines and could potentially have conflicts of interest in delays, the source said.

The new safety group would work to ensure everyone is sharing concerns effectively across the company, the source said, and a new permanent committee would be formed focusing on safety.

Technical Indicators

Overall, the bias in prices is: Upwards.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 357.77.

The projected upper bound is: 400.29.

The projected lower bound is: 360.24.

The projected closing price is: 380.27.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 3 black candles for a net of 3 white candles. During the past 50 bars, there have been 27 white candles and 22 black candles for a net of 5 white candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 84.9257. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 13 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 64.70. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 85 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 158.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 9 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 18 period(s) ago.

Rex Takasugi – TD Profile

BOEING CO closed up 4.130 at 379.760. Volume was 30% below average (neutral) and Bollinger Bands were 35% wider than normal.

Open     High      Low     Close     Volume___
377.670 381.690 377.050 379.760 563,689
Technical Outlook 
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period     50-period     200-period
Close: 366.49 352.07 362.93
Volatility: 36 36 39
Volume: 726,831 811,750 1,036,563

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

BOEING CO is currently 4.6% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into BA.N (mildly bullish). Our trend forecasting oscillators are currently bullish on BA.N and have had this outlook for the last 14 periods.

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