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
  • Airlines Take Off, Know These Levels 0 comments
    Dec 2, 2011 11:10 AM | about stocks: AAL, DAL, LUV, JBLU, UAL
    Ever since AMR Corp (NYSE:AMR) filed for bankruptcy the other leading airline stocks have taken off to the upside. Many of the airline stocks have surged higher by 10.0 percent or more in just five trading days. While these airline stocks have gotten hot recently they are starting to near important resistance levels. Traders should not expect these stocks to keep the ascending path without a little turbulence soon.

    This morning, Delta Air Lines Inc (NYSE:DAL) is trading higher by 0.08 cents to $8.62 a share. On November 25, 2011 the stock was trading as low as $7.08 a share. This is a massive move for this stock in such a short amount of time. Traders must watch for short term daily chart resistance around the $8.90 - $9.00 area. The stock will have some intra-day resistance around the $8.77 level.

    Many of the other leading airline stocks such as United Continental Holdings Inc (NYSE:DAL), Southwest Airlines Co (NYSE:LUV), and JetBlue Airways Corp (NYSE:JBLU) are all nearing important daily chart resistance. Traders should start to look for these stocks to pullback a little off these recent highs very soon.

    Nicholas Santiago
    InTheMoneyStocks.com

      
    Stocks: AAL, DAL, LUV, JBLU, 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.