Boeing (BA) could be a “blood in the streets” opportunity.

After running from double bottom support around $142 to a recent high of $247, the stock is running into heavy turbulence at the moment. All after the company production issues forced some airlines to pull 737 MAX jets from service.

The top three U.S. 737 MAX operators – Southwest Airlines, American Airlines and United Airlines – said they had removed more than 60 jets from service following the notice from Boeing, reported Reuters. The issue affects about 90 planes globally.

However, “Because the problem is understood and the fix looks relatively straightforward, it’s unlikely to be a show stopper, although it’s unclear if it might have any impact on the expected MAX delivery ramp,” Cowen analyst Cai von Rumohr said, as quoted by Reuters.

In addition, according to analysts at Jefferies, “changing the equipment could take hours or days to fix, a modest disruption.”

Even analysts at Baird said, on the surface this appears to be “a very minor issue” that will require a “tiny fix.” The analyst, who thinks the grounding could last as little as a few hours or potentially a few days, would look to add to Boeing positions on this headline risk, especially given what he sees as the progress being made on overall deliveries. Arment keeps an Outperform rating and $306 price target on Boeing shares,” as quoted by

At the moment, the stock is down more than $5 on panic selling by the herd.

Wait for that to end, and for confirmation of trend change before taking a position.