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SharePlanner (< 20)

Long DAL @ $11.69

Recs

1

September 24, 2010 – Comments (1) | RELATED TICKERS: DAL

I really hate flying with this company, but I try to keep personal preferences out of the trade. That is why I am using the short-term cup and handle pattern to initiate a trade. My stop-loss is at $11.05, with an initial price target at $12.75, but would ultimately like to see this stock run into the $14's. 

Here's my chart analysis on DAL.

1 Comments – Post Your Own

#1) On September 24, 2010 at 5:52 PM, davejh23 (< 20) wrote:

Another one you bought right at the day's high after a huge move...this one 3%+.  This one looks less convincing than the Chevron trade.  Chevron's recent high is higher than the early August high.  Delta's short-term high hasn't been broken...it still looks to be in a downtrend...it has outperformed the S&P in the last month, but it looks like it could be on it's way back to $10...October $10 puts are cheap...I would hedge this bet...

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