DavideG
Short

DAL - Bumping into Significant Resistance

NYSE:DAL   DELTA AIR LINES INC DEL
74 0 0
Republishing older chart, with a few new annotations. Re-shorting DAL here at $38.54 - exactly where I covered in late June. Bumping up against the 50 SMA , which has been a significant support level since Nov 2012. Long-term momentum broken, with the RSI dipping below the 48 level in early July for the first time in more than a year and a half. Targeting $35.4, with sights on further downside.

8.15.14 - 3:14pm EST
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