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Algokid
Jun 1, 2012 5:13 AM

AIRLINES PLAY - FAA 

Description

Seems like with falling oil prices, Airlines are catching a break. LUV( southwest) and DAL ( Delta) have been trading up lately. With this chart, i am simply looking at the Airline ETF (FAA). currently @ 31.01 with a stp @ 29.35 . Not a real trade btw.
Comments
Algokid
Stop was a little tight, but overall direction was correct. Expect this ETF and Airlines stocks to move up as oil price decreases.
charttrader
Nice trade anyway.
Algokid
sorry..currently @ 31.10
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