China Eastern Airlines Corp. Ltd. (ADR) (NYSE:CEA)
CAPS Rating:
Provides international and domestic passenger and freight air services.
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Provides international and domestic passenger and freight air services.
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The airline sector is obviously in a little trouble right now and will more than likely continue to suffer throughout the summer driving season when oil prises are at their usual highs; however, the charts for all airlines are just so oversold, and I see a quick bounce throughout the sector before a continuation of downward pressure returns.