Ryanair is now trading at close to its all-time highs. However, strong bullish sentiment could now be fading with traders/investors likely to take profits given the sharp appreciation over the past 12 months.
Ryanair levelled up 2.49% over the past 5 days. In terms of returns, it has outperformed the Nasdaq by 142.46% so far this year. Ryanair is currently trading with a market cap of $23.65 billion.
TRADING IDEA Sell Ryanair at around $132 targeting $116 with a stop loss at $138.00.