Boeing (BA) – Get Report shares caught fireplace in early June however have spent the final month cooling off. With earnings on deck for Wednesday earlier than the stock market opens, buyers can be searching for Boeing stock to achieve momentum.The powerful half? Momentum might go in both path. Boeing has had a large number on its palms with the 737 MAX state of affairs. The most recent stories have mentioned the jet will doubtless be grounded till 2021. Those who have been searching for the 737 MAX to return someday this summer time are definitely upset. Worse although, what airline is seeking to push via new orders at a time when American Airways (AAL) – Get Report, United Airways (UAL) – Get Report and others are burning cash each day? Demand for brand spanking new jets has plummeted, however it will likely be administration’s job to reassure buyers on Wednesday. The query is whether or not the stock has priced in sufficient dangerous information with shares 26.5% off the June excessive and dealing on their fourth straight weekly decline.Buying and selling Boeing StockDaily chart of Boeing stock.Chart courtesy of Stockcharts.comThis stock has had some beautiful volatility, significantly for what was imagined to be a enterprise with regular manufacturing and a deep backlog, turning Boeing right into a cash-flow machine. Regardless of its unbelievable fall in March adopted by the large rebound within the second quarter, Boeing stock has truly been fairly quiet recently. It has the stock wound up tight, which might give us a nice-sized transfer after the print. With out earnings on deck, I might be Boeing stock as a possible brief. The basics aren’t good, shares are clinging to vary help and simply misplaced the 20-day and 50-day shifting averages. Downtrend resistance (blue line) can be pressuring shares decrease. Nonetheless, this might be a look-below-and-fail sort of setup, the place shares flirt with a breakdown, solely to get well the losses and transfer larger. That’s what makes earnings so powerful and it’s why I want to see the post-earnings response first, then make a transfer. On this case, I need to see if Boeing can reclaim the 20-day and 50-day shifting averages. To take action, shares have to clear $178.33. Above places the 38.2% retracement in play close to $188, adopted by $200. On the draw back, dropping the $168 degree might put the 23.6% retracement in play, at $150.10. Beneath that and the June low is feasible, close to $144.50.