During Friday's Mad Money program Jim Cramer told viewers the highlights of his game plan for this week with many important companies reporting earnings. Cramer noted that on Wednesday, we'll hear from Boeing (BA) , Facebook (FB) , Ford (F) and McDonald's (MCD) , among many others.
Cramer was bullish on all of these stocks, but said Boeing will get worse before it gets better.
Let's check out the charts of this aerospace giant and Dow Jones Industrial Average (DJIA) component.
In the daily bar chart of BA, below, we can see that the shares rallied into a March high and have been correcting lower. BA broke its May low and the rising 200-day moving average line. BA has bounced back above the 200-day line but is trading below the declining 50-day moving average line.
The On-Balance-Volume (OBV) line shows weakness from December and tells us that sellers of BA have been more aggressive for several months now. The Moving Average Convergence Divergence (MACD) oscillator is below the zero line and bearish.