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John Sky
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Active Trader, Speculator, Finance Guru
My company:
Forcebux
My blog:
Forcebux - Real Traders | Real Analysis
  • US Airway flying sky high 0 comments
    Sep 22, 2009 1:56 AM | about stocks: AAL, LUV, DAL, UAL

    One of the most impressive sectors in the Last 20 days has been Industrial sector, and more impressive the sub-sector of Airlines. One stock in particular that sticks out is US Airways (NYSE : LCC)  which is up more than 70% in the last 20 days.  In the beginning of September, this was a $3 dollar stock, and is now trading at $5.37. They’ve made it to an interesting point on the chart where they are hardly above their first level of resistance. Keep a close eye on this stock because if it keeps trading above $5 or at least consolidates above $5, there is a good chance that U.S. Airways (NYSE : LCC)   can run up to $7. Now I must say that it takes  a certain type of investor / trader to buy and hold any airline stock as they have become extremely volatile. Whatever you decided to do, long or short, I caution of the risk that lay ahead of you as well of the reward that compliments your technical entry and risk management.

    US Airway Stock Chart

    US Airway Stock Chart

    Themes: Industrials, Airlines Stocks: AAL, LUV, DAL, UAL
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