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Airlines Collapse: They Will Bounce Here For Profit

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June 12, 2014 – Comments (3) | RELATED TICKERS: DAL , UAL

Delta Air Lines, Inc. (NYSE:DAL) and United Continental Holdings Inc (NYSE:UAL) have collapsed over the last two days. Both stocks are down over 10% from their recent highs. Delta Air Lines and United Continental Holdings Inc have more downside to go before they see a quick, sharp bounce. If played correctly, this bounce can pay you big money.

 

The Delta Air Lines buy level would be the daily 50 moving average at $37.41 if hit tomorrow. If not, the time factored buy level is $34.95. Time is important here as the level of $37.41 is only valid on a three bar surge which would be tomorrow.

 

United Continental Holdings Inc has support at $39.45. There is no time factor as long as this level is reached within the next week. Look for a multi-day bounce where.

 

 

Gareth Soloway

InTheMoneyStocks.com

 

 

3 Comments – Post Your Own

#1) On June 12, 2014 at 9:09 PM, awallejr (79.57) wrote:

Airlines really are a play on oil.  Personally I would never touch airlines or Greek shipping. 

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#2) On June 13, 2014 at 12:50 PM, ikkyu2 (99.24) wrote:

The only advice I ever heard about airline stocks that I liked came from the caption to a chart in one of Jim Cramer's books:

"Never, at any point in the economic cycle, should you own an airline stock."

No one ever went broke from the gains he didn't take! 

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#3) On June 14, 2014 at 12:31 AM, awallejr (79.57) wrote:

No one ever went broke from the gains he didn't take!

Love that line lol.

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