InTheMoneyStocks Pro Traders Market Analysis

[ITMS]

Airline Stocks Take Off As Oil Drops


This afternoon, most of the leading airline stocks are catching a bid higher as the price of crude declines. The current chart pattern on many of the popular airline stocks still signals further declines despite today's bounce. Should oil begin to decline further over the next few weeks that could help the airline sector, however, that is unlikely with the current problems in the Middle East. The Claymore/NYSE Arca Airline ETF (NYSEARCA:FAA) is trading higher by 0.12 cents to $28.98 a share. Until this ETF can trade above the $30.00 level it could be consolidating to trade lower soon. ...Continue reading here: http://bit.ly/GF2LLW