Checking back in with AAL to see how it's looking.
It's been a rough couple of weeks for the Airlines. Apart from record low revenues, the Airlines face another hurdle that's quickly approaching. Airline carriers are prohibited under the terms of $25 billion in federal aid from laying anyone off until Oct. 1. Under the Worker Adjustment and Retraining Notification Act, employers are required to notify staff about possible layoffs or temporary furloughs generally 60 days in advance and have already begun doing so. It's not a guarantee that they will lose their jobs but it is a warning that it may be possible. We're also watching AAL earnings expected around 7/23 this month.
TA:
AAL is breaking out of a descending wedge. We could see a nice a pump here. I would look for resistance at the 50 and the 200 MA. We like $14.29 range for a possible quick swing trade.
Hit us with a like and a follow for more updates. Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
It's been a rough couple of weeks for the Airlines. Apart from record low revenues, the Airlines face another hurdle that's quickly approaching. Airline carriers are prohibited under the terms of $25 billion in federal aid from laying anyone off until Oct. 1. Under the Worker Adjustment and Retraining Notification Act, employers are required to notify staff about possible layoffs or temporary furloughs generally 60 days in advance and have already begun doing so. It's not a guarantee that they will lose their jobs but it is a warning that it may be possible. We're also watching AAL earnings expected around 7/23 this month.
TA:
AAL is breaking out of a descending wedge. We could see a nice a pump here. I would look for resistance at the 50 and the 200 MA. We like $14.29 range for a possible quick swing trade.
Hit us with a like and a follow for more updates. Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
Comment:
$14.29 target hit right at around the 200MA on the 4hr chart. Going to set a stop loss to hold gains and see how much more we can ride the trend as it looks like there's more gains to be made on this one.