DavideG
Long

DAL - Breakout Confirmed

NYSE:DAL   DELTA AIR LINES INC DEL
72 0 1
Took a position in DAL a couple weeks ago on 11/24/15 – 11:34am EST @ $47/share, as the stock took a hit following news that the State Department issued a global travel warning in the wake of the attacks in Paris and lockdown in Brussels. According to the press release on 11/23/15, the travel alert will run until February as the Islamic State and "other terrorist groups continue to plan terrorist attacks in multiple regions."

This time last year, oil             was $63 per barrel and Delta was trading @ $47 per share. In comparison, WTI is now trading @ $38.35/bbl, representing a more than 60% year-on-year decline. According to AviationDB, Delta’s fuel costs as a percentage of operating expenses was 18% in Q2 2015, down from 39% in 4Q 2014.

Purchased DAL just above the illustrated blue ascending/descending trend lines. Since then, a breakout has been confirmed with shares swiftly moving through the $48 neckline / 50 & 20 DMA / and previous earnings level. As of the time of this post (12/7/15 - 11:10am EST), my gains are 9.18%. Expect additional upside, as depressed oil             prices will continue to serve as a tailwind for Delta's stock . Raising my stop loss to just below $48.
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