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Airline Stocks Take Off: Where Will They Land?

Published 04/23/2013, 07:41 PM
Updated 07/09/2023, 06:31 AM

This afternoon, most of the leading airline stocks are trading higher on the session. Earlier today, Delta Air Lines Inc (DAL) reported corporate earnings. Apparently, the market moving institutions seemed to like the earnings news as DAL stock is trading higher by $1.53 to $16.67 a share. Traders can watch for short term intra-day resistance around the $17.00 level. The daily chart is signaling potential upside into the $18.00 area.

Some of the other leading airline stocks that are rallying higher in sympathy to the DAL reaction include United Continental Holdings Inc (UAL), US Airways Group Inc (LCC), Southwest Airlines Co (LUV), and JetBlue Airways Corp (JBLU). All of these stocks have recently benefited from lower fuel costs which are a major part of the operating expenses for the airlines.
DAL

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