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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... More
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  • 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)

    HedgeFundLive.Com

    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.

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