Delta Air Lines, Inc (DAL)

[ITMS]

This Airline Stock Is Now On My Radar, Watch This Trade Level

Recently, many of the leading airline stocks have been pulling back. Higher oil prices have certainly hurt the airline stocks since September 21, 2018 when they all made minor tops. Today, crude remains near its 52-week high and most airlines remain under selling pressure.

One particular airline stock that I'm now watching closely is Delta Air Lines Inc (NYSE:DAL). This stock traded as high as $60.23 on September 21, 2018. Since that high pivot in the stock, the share have fallen below their 50 and 200 day moving averages. This is a sign of weakness and usually indicates lower prices ahead. Today, DAL stock is trading lower by $2.34 to $54.25 a share. The next key support area that I see for the stock would be around the $51.00 level. This is where the stock was defended in July and would likely serve as solid support again when retested. Swing traders should keep this level on the radar for along side trade.





Nicholas Santiago
InTheMoneyStocks