Thursday, October 03, 2019 12:54:23 PM
Delta Air Lines Inc (NYSE:DAL) was crushed yesterday after it raised its FY19 unit cost outlook to +2% from +1%. The shares plunged lower by nearly 5.0% on the news and are currently trading around $52.97 a share. Traders should note that DAL stock is now below its important 200-day moving average. This is viewed as a negative technical position on the charts and often signals lower prices will follow. The stock peaked on July 24, 2019 at $63.43 a share. So according to my Gann calculations this tells me that major support for the stock will be around the $47.50 area. At that time, I will look to initiate a long side position in the stock. Delta Air lines reports earnings on October 10, 2019 before the open.
Nick Santiago
InTheMoneyStocks
Recent DAL News
- Paramount’s Shares Surge Following Sony and Apollo’s Joint Bid; ISS Backs Berkshire Hathaway Director Re-election, and More • IH Market News • 04/19/2024 11:31:22 AM
- Delta Air Lines Selects T-Mobile as Preferred Mobility Partner • Business Wire • 04/18/2024 02:06:00 PM
- SriLankan Airlines Leverages UATP Merchant Status to Accelerate Growth and Reduce Payment Costs • PR Newswire (US) • 04/10/2024 12:00:00 PM
- Delta’s Q1 revenue at $13.7 billion, up 8% • IH Market News • 04/10/2024 11:47:42 AM
- U.S. Index Futures Show Mixed Trend Ahead of Key Inflation Data Release, Oil Prices Edge Higher • IH Market News • 04/10/2024 11:15:25 AM
- Delta Generates US$37 Million Profit in Q1, Google and Intel Unveil Cutting-Edge AI Chips, and More News • IH Market News • 04/10/2024 11:13:48 AM
- Delta Air Lines Announces March Quarter 2024 Financial Results • PR Newswire (US) • 04/10/2024 10:30:00 AM
- U.S. Futures Dip Ahead of Key Inflation Data and Q1 Earnings Season Kickoff, Oil Prices Decline • IH Market News • 04/08/2024 11:19:03 AM
- Delta Air Lines Announces Webcast of March Quarter 2024 Financial Results • PR Newswire (US) • 03/27/2024 12:30:00 PM
- Apple & Google in Talks for Gemini AI on iPhone, Nvidia’s GTC Conference Today, and Latest News • IH Market News • 03/18/2024 11:10:46 AM
- Fisker’s Shares Take a Hit Amid Speculation of Bankruptcy, Altria Divests from AB InBev to Fund Stock Repurchase Initiative • IH Market News • 03/14/2024 11:39:32 AM
- Intel Loses Pentagon Funding, Shell Plans 20% Business Team Reduction, and Latest News • IH Market News • 03/13/2024 11:02:03 AM
- Sam Altman Rejoins OpenAI Board; Coinbase, MicroStrategy Surge Pre-Market Amidst Bitcoin’s Latest Milestone • IH Market News • 03/11/2024 10:39:03 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 09:01:15 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/27/2024 06:10:26 PM
- UATP Receives Patent Approval for Innovative New Payment Technology • PR Newswire (US) • 02/15/2024 02:19:00 PM
- Form 13F-HR - Quarterly report filed by institutional managers, Holdings • Edgar (US Regulatory) • 02/14/2024 09:30:28 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/12/2024 10:04:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/09/2024 09:30:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/09/2024 09:30:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/09/2024 09:30:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/09/2024 09:30:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/09/2024 09:30:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/09/2024 09:30:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/09/2024 09:30:20 PM
FEATURED Cannabix Technologies to Present Marijuana Breathalyzer Technology at International Association for Chemical Testing (IACT) Conference in California • Apr 22, 2024 8:49 AM
BestGrowthStocks.com Issues Comprehensive Analysis of Triller Merger with AGBA Group Holding Limited • AGBA • Apr 22, 2024 1:00 PM
Kona Gold Beverages, Inc. Prepares for First Production Run Set to Launch May 17, 2024 • KGKG • Apr 22, 2024 8:30 AM
VPR Brands LP Reports Record Annual Financial Performance for Fiscal Year 2023 • VPRB • Apr 19, 2024 11:24 AM
Coinllectibles' Subsidiary, Grand Town Development Limited, Acquires Rare Song Dynasty Ceramics Worth Over USD28million • COSG • Apr 18, 2024 8:03 AM
ILUS Provides Form 10-K Filing Update • ILUS • Apr 17, 2024 9:54 AM