NASDAQ:AAL the 28 day ascending triangle is not a very strong trend that i will usually trade. There's a strong resistance at $40.47, if we manage to turn this resistance into support, I target at $44.13.
Stop-loss: $37.78
For safer entry, a break with confirmation above $40.47 will give a better risk reward.
A break below SL will nullify this bullish take.
On the weekly, $AAL has fallen out of the channel. Currently I have 2 support levels that might hold. The head and shoulders might also be at play now. Most likely the lower level will be hit.
Jets is a ETF of multiple airlines. ALK is Alaska Airline which was a huge winner since 2010 but has now had a fairly long sideways consolidation. I think they both are primed to go up again. If buy now you could use any daily close <then the current weekly low as a stop.
some authors notes:
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Good opportunity here to see price movement. Lufthansa has dropped by -5.61% since the last trading day.
The average target price for this stock calculated by the analysts is €31.10 (provided that market is in bull mode).
Deutsche Lufthansa has a trailing twelve months PE ratio of 8.5 and P/CF is 4.5 (which is better than the industrial sector average)...
American Airlines is breaking out of a multi-year trading range. $56.20 is high of the range and should act as support.
Price target 1: $70.39
Stop: $54
AC.TO trading at a PE of under 4x heading into holiday sales figures after their annual report could pull them back up from this clean support line touch in today's session. I already have a position of AC starting around $22.00 and will be using this pull-back to add to my position.
#WizzAir strongest UK airline stock at the moment? Fundamentals look good and technicals aren't that shabby either! Recovering strength from recent short term dip? Currently trading 3142.
Good morning all, I hope your weekend was spent well and are ready for another trading week.
Air Canada is my favourite stock pick of the year, I was long at $21 a couple of months back and I have seen a solid 26% gain. However, I feel as though we are in for a trend reversal. I still like where I own the stock and will be buying on pullbacks. I can see this...
Alaska Air has been absent from the recent airlines rally as the company struggles to regain momentum after weather related issues.
The company's integration of Virgin Airways is a mega-plus for the Airline after organic routes kept coming under weather-related pressures.
It's recent venture with Singapore Air will be another plus for the Airline's Asia...
United Airlines has its second largest hub in Houston, Texas where 7,400 flights were canceled over the course of the Hurricane.
The company expects PRASM to decrease 3.5% to 4% due to impact from the Hurricane.
Slightly higher fuel prices should impact YoY comparisons even if an overall edge is still present.
I believe the company's higher expenses,...
All major airlines have enjoyed solid financial upbeat since Oil $USOIL has remained under $50/barrel.
Delta Airlines has subsequently hiked their dividend throughout the quarter and increased share buybacks.
The company is also committed to paying down debt while financial conditions allow for it.
The ITIA's latest data reports a Load Factor of 84.7% -...
We can see a clear bump and run reversal pattern. Now a return to the main trend is likely to happen. This is an attractive risk reward! I'm short in Air France KLM.
Just saw Spice Jet breakout from downward resistance line with a bullish engulfing candlestick and RSI rising.
Currently trading above its EMA 30 which should act as a support level.
With Crude under severe pressure we can see airline stocks like these benefit with low oil prices.
Trading strategy :
Buy @ CMP 108 levels
Target :123
Stop loss : below 100
Happy trading.
American Airlines has been in a bullish trend since last year. During this course of this trend, the stock has moved down after hitting resistance. The stock is currently at this point of resistance and should follow suit by moving down. I will outline why the near-term movement is likely to the downside below.
When we take a look at other technical indicators,...
