This post takes over from the previous one (see below), as we propose to take full profits ahead of earnings publication on July 13.
The logic is to entirely remove any risk related to earnings disappointment, while keeping full upside exposure.
The cost of this strategy will be < 2% (to be put in perspective with the 22.5% we have achieved so far on the long...
DAL has been in a bull trend thanks to its fundamental ( goof finacial stragth, good momentun, and midium risk). I think that DAL will be more bullish due to the forecast of its earnings.
uptrend ...
i see on chart a trend and a correction and ending that on fib prz (50-61.8)...
and now its a powerful breakout by a big bullish candle....
buy
On April 26, 2017, Delta Airlines ( DAL ) crossed below its 150 day moving average (DMA). Historically this has occurred 41 times and the stock drops a minimum of 0.194%. It has a median loss of 6.485 % and maximum loss of 40.441% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 52.8562....
FAILED BREAKOUT OF HISTORICAL TOP MEETS MOVING-AVERAGE SUPPORT
DAL is currently trading 15% below historical high, after it repeatedly failed to break out since late last year, on what looks like a quadruple-top at the historical high. However, the corrective move seems to have met a decent support at the MA100, $44 level. I would venture to say that the stock has...
On April 11, 2017, the Delta Airlines ( DAL ) 20 day moving average (DMA) crossed below its 150 DMA. Historically this has occurred 9 times and the stock drops a minimum of 4.371%. It has a median loss of 11.715% and maximum loss of 42.018% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at...
DAL appears to have bounced off support from the descending channel that it's been trading within since the beginning of the year, with a solid engulfing bar at support accompanied by a surge in volume. I'm expecting to see a move up to channel resistance at $50.00
$DAL is breaking out of its cloud which is a sign that it may be continuing its trend. The company has been outperforming. Going long with an option with a an expiration about a month from now.
Historically when the vortex negative hits this level the stock drops at least 1.21% with an average drop around 13.57%. A drop around this average is possible, but DAL has not been trading at large enough daily spreads to make this likely in the next few weeks. A more conservative drop would be near the 47.56 mark which has been a pseudo support/resistance level.
