Get started
DavideG

DAL - Bumping into Significant Resistance

Short
Delta Air Lines, Inc. (NYSE:DAL)  
DavideG  
NYSE:DAL   Delta Air Lines, Inc.
0
0
Republishing older chart, with a few new annotations. Re-shorting DAL here at $38.54 - exactly where I covered in late June. Bumping up against the 50 SMA, which has been a significant support level since Nov 2012. Long-term momentum broken, with the RSI dipping below the 48 level in early July for the first time in more than a year and a half. Targeting $35.4, with sights on further downside.

8.15.14 - 3:14pm EST
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.