Hedge Fund Live's  Instablog

Hedge Fund Live
Send Message
Jeremy Frommer, CEO of Hedge Fund LIVE Jeremy Frommer has 20 years of industry experience and is currently responsible for general management and leadership of the General Partner. Previously, Mr. Frommer was a Managing Director and Head of the Global Prime Services Group (“GPS”) at RBC Capital... More
My company:
Hedge Fund LIVE
My blog:
Hedge Fund Live
  • Technical Analysis of LCC  0 comments
    May 20, 2011 9:29 AM | about stocks: AAL
    Fib retracement, support, resistance, lcc, buy, sell

    Chart of LCC with Fib retracement (Click to Enlarge)


    US Airways Group Inc.(LCC) broke out of some resistance today of 10.01 trading over 1.5x’s average volume. The stock closed three cents of the highs of the day. With Delta airline removing 140 aircrafts this opens opportunity up for US Airways to capture more market sure. The summer months are upon and traveling will pick up. Technically, there is resistance at 10.53 which can be easily be broken with the momentum this stock has. If the stock can break through the resistance of 10.53 with upside to 11.28. If you wanted to buy the stock look to buy the breakout above 10.53. There is plenty of support at 9.48 if you wanted to buy the pullback.

    Stocks: AAL
Back To Hedge Fund Live'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


More »

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.