Seeking Alpha

InTheMoneyStocks'  Instablog

InTheMoneyStocks
Send Message
InTheMoneyStocks.com is a proprietary research, consulting and investment alerts company focused on guiding investors, swing traders and day traders to financial success. Their PPT Methodology is a proprietary blend of price, pattern and time discoveries that has helped produce 216.37% net... More
My company:
InTheMoneyStocks.com
My blog:
Rant & Rave - Pro Traders Blog
  • Airline Stocks Lift Off 0 comments
    Dec 4, 2012 10:52 AM

    This morning, many of the leading airline stocks are trading higher at the start of the session. The likely reason for the move higher in the sector comes from this morning's decline in oil. Today, crude futures for January (CL-F3) are trading lower by 0.91 cents to $88.17 a barrel. Fuel prices are one of the highest expenses that an airline has besides labor. Traders should always watch for strength in the airline sector whenever oil declines.

    Delta Air Lines Inc (NYSE:DAL) is a leading airline stock in the sector. Today, DAL stock is trading higher by 0.21 cents to $9.83 a share. Short term traders must watch for intra-day resistance around the $10.00, and $10.25 levels. The daily chart for DAL stock will have near term resistance around the $10.75 level.

    Some other leading airline stocks that are also climbing higher today include Southwest Airlines Co (NYSE:LUV), United Continental Holdings Inc (NYSE:UAL), Spirit Airlines Inc (NASDAQ:SAVE), and Jetblue Airways Corp (NASDAQ:JBLU). Traders should keep a close eye on crude prices, should crude start to rally or trade higher the airline stocks could begin to sell off.

    (click to enlarge)

Back To InTheMoneyStocks' 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

Latest Comments


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.