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Airline Stocks Nosedive, Watch This Level On LCC

|Includes:AAL, DAL, LUV, United Continental Holdings, Inc (UAL)

This morning, many of the leading airline stocks are declining sharply lower at the start of the trading session. Airline stocks such as US Airways Group Inc (LCC), Delta Air Lines Inc (NYSE:DAL), United Continental Holdings Inc (NYSE:UAL), and Southwest Airlines Co (NYSE:LUV) are just a few of the leading airline stocks selling lower. Short term day traders can watch for intra-day support on LCC stock around the $21.24 level. This is an area where the institutional money should come and defend the equity. Please remember, this is only a day trading level.

Nicholas Santiago

(click to enlarge)Click to enlarge

Stocks: UAL, DAL, AAL, LUV