With the drop in oil prices, $JETS, the new ETF that holds airline companies like Delta ($DAL), American Airlines ($AAL) and southwest airlines company ($LUV) had a very nice rally during the month of July.
The $ETF rallied all the way up to the 88.6 Fib level to complete a bearish Bat pattern and declined from there.
The pattern's targets are 23.5$ and 23$...
JBLUE is holding this Trend-line support watch the levels 19.50-20 buy zones. The airlines are all hitting the buy levels. I cant stress enough, traders must learn to BUY the FEAR and SELL the GREED. Always have a plan and always have a stop. understand your parameters and you will do well.
KEEP IT SIMPLE TRADE LEVELS
Great uppward support line since last May, except for when it was oversold in October due to ebola scare. Downward resistence line since December forming a wedge pattern. I believe Spirit Airlines will test 80.00 one more time before eventually breaking through the wedge to all-time highs around 85.00.
If you've ever taken an inter-city coach ride in Mexico as I have, you'll know that the country is crying out for an alternative way to travel. VLRS (aka Volaris, ultra cheap airline) is making an excellent recovery from its lows and I feel that in time it's heading back to the post IPO highs of $15 and more. I made a losing trade on this one last year but I...
I will start by saying that I believe manners are important. It is a shame that so many people have forgotten they exist.
I want to thank the requester of this chart, a complete stranger, for using his manners :)
Let's move on the the request for a chart of AAL.
Back in late 2013, AAL (the stock) was just getting started. The stock created a double bottom in...
DAL is hands down my favorite airline stock. I can't justify executing a long position here as the risk is to great for me right here. I'm a buyer at 42, I'm a thief at 38. But with oil plummeting, it wouldn't surprise me to see DAL hit 55 before pulling back any significant amount. DAL sits atop of my watchlist
Kiplingers had an article on airline stocks that opened with "There's an old wall street joke about how to end up with $1 million worth of airline stocks...Start with $10 million."
"In 2000, nine airlines controlled about 80% of the U.S. markets. Today, just four companies control about the same percentages."
Looking at the major players American Airlines...
This airline company found strong resistance zone at $48-$49. Bounced off it very agressively with gap down zone from $44 to $45 which is powerful sign that sellers keep control on price.
From fundamental point of view there is tension in Iraq - one of the biggest supplier of Oil in the worls. Break in supplies leads to higher prices and then higher costs for...
Finally made it over trend resistance and into what I hope is a new bull session.
The technicals aren't perfect, but history doesn't care. Still up in all time highs with more room to grow, if patterns stick I'll have more option money in June.
I think it's possible we could drop back into the previous zone, the volume is not yet there and I'm interested in what...
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo worldwide. Today a trader bought over 2,000 5.9.2014 37 Calls for $.74. This gives the buyer of the Calls, the right but not obligation to buy 200,000 shares of stock at $37 between now and next week and they paid a Cash Outlay of $150,000. With recent sell-offs in UAL and AAL,...
