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UAL-SHORT

Apr. 03, 2011 11:54 PM ET
scottrends profile picture
scottrends's Blog
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Very Bearish Wedge pattern getting ready to break up or down. Look for a move to 20.50 in the short term once the 22.50 area is broken to the downside with a pick up in volume. Stops should be near the 23.00 area.. Airlines should experience some difficulty with rising oil and commodity prices under way. Hopefully some airlines learned from the last oil spike to lock in oil future prices while they were low to support there long term outlook as a hedge.

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