Dow Jones Industrial Average component Boeing announced this morning that it will delay the first flight of its new 787 Dreamliner aircraft to sometime between mid-November and mid-December. The company had previously hoped to launch the new aircraft in late September. However, Boeing is confident that it will make its target delivery date in May for the 787, and expects no impact on earnings due to the delay.

Shares of the blue-chip aerospace firm are flat on the news, hovering near the 96 level for the session. However, the stock is still feeling the pressure from its declining 10-day and 20-day moving averages, which have forced BA lower since the beginning of August. Support in the 94 region seems to be holding firm for now, but is there enough sideline money to stage a rebound?

Our sentiment indicators are hinting at a no. The stock's Schaeffer's put/call open interest ratio (SOIR) of 0.72 ranks below 98% of all those taken during the past year, while less than 1.5% of the stock's float is sold short. Still, should Wall Street take a shine to BA, the stock could benefit. According to Zacks, 8 of the 16 analysts following the shares rate them a hold or worse.