Seeking Alpha

InTheMoneyStock...'s  Instablog

InTheMoneyStocks.com
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
InTheMoneyStocks.com
My blog:
Pro Traders Rant and Rave Blog
  • Airline Stocks Stay Grounded 0 comments
    Jun 28, 2011 11:06 AM | about stocks: AAL, DAL, UAL
     The morning, the major stock indexes are surging higher. The Dow Jones Industrial Average is trading higher by 120.00 points and most major sectors in the market are participating in the rally. The airline sector looks to be lagging the major stock indexes this morning. The cause for the weak action in the airline sector looks to be due to the bounce in oil. This morning, WTI oil is trading higher by $1.22 to $91.83 a barrel. When oil is higher the airline stocks seem to struggle.

    Some leading airline stocks that are trading lower this morning include Delta Air Lines Inc.(NYSE:DAL), AMR Corp.(NYSE:AMR), United Continental Holdings Inc.(NYSE:UAL), and U.S. Airways Group Inc.(NYSE:LCC). Should oil pullback or retreat the airline stocks will likely catch a bounce. Until that occurs we should not expect much out of this sector.



    Nicholas Santiago
    InTheMoneyStocks.com
    Stocks: AAL, DAL, UAL
Back To InTheMoneyStocks.com's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.