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Chief Market Strategist Gareth Soloway has been an avid swing and day trader since his days at Binghamton University where he studied Economics. After college, Gareth quickly excelled as a financial advisor, helping clients get their financial houses in order. While helping others gain financial... More
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  • U.S. Airways Signals Near Term Bottom 0 comments
    Aug 14, 2013 1:12 PM | about stocks: AAL

    US Airways Group Inc (NYSE:LCC) has formed a bottoming tail on the daily chart after hitting the 200 moving average. This signals a high likelihood of a near term bottom in the stock.

    Just days ago, the Department of Justice canned the merger between US Airways and American Airlines. This merger has long been in the pipeline and is obviously a big disappointment for the two companies. U.S. Airways dropped hard yesterday and early today.

    Gareth Soloway

    Stocks: AAL
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