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