American Airlines Group Inc (AAL)

[ITMS]

Epic Buy Level On American Airlines $AAL Approaching

Shares of all airline stocks continue to tank as oil remains and multi-year highs. Shares of American Airlines (AAL) are trading near $34.50, down from a 52 week high of near $58. The fall in the last three weeks has accelerated as oil has spiked sharply. As average investors and funds run from airlines stocks, American Airlines has a major support and strong buy level emerging at the $33 level. Smart traders are licking their lips at this level. This is a multi-factor level with two chart signals pointing to major support. Add in an extreme oversold stochastics, RSI and other factors and there is the makings of a major bounce and buy.





Gareth Soloway
InTheMoneyStocks