FAA temporarily grounds Boeing 787s, stock hammered in AH

The Federal Aviation Administration just announced it will ground the Boeing 787  Dreamliner passenger jet after another battery failure that forced an emergency landing in Japan.   They gave no details on how long but said the lithium ion batteries were safe before Boeing could resume flying.   Smells like Dell.

One positive is that Boeing has delivered only 49 of the 848 Dreamliners on order.

Nevertheless,  the stock is down another couple bucks in after hours trading through its 200-day moving average.  Our sense is a test of the September low at $69 is in the cards.

Jan16_Boeing1  Jan16_Boeing 2

(click here if charts are not observable)

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