The Airline sector has rallied from weaker oil prices. Leading airline stocks such as U.S. Airways Group Inc. (NYSE:LCC) is trading higher by 9 cents to $12.78 a share; intraday resistance could be found around the $13.00 level.
Added by Bryan Leighton on May 30, 2012 at 10:34am — No Comments
This morning, the important and highly followed iShares Dow Jones Transportation Average ETF (NYSEARCA:IYT) is trading lower by $1.84 to $91.52 a share. This is a 2.00 percent decline for the major transportation index. Traders and investors will usually follow the transport index very closely as a sign of economic growth and contraction. The daily chart of the IYT will have short term support around the $90.70 area. Short term traders can watch for intra-day support around the $91.50…Continue
Added by Bryan Leighton on April 23, 2012 at 10:45am — No Comments
All of the leading transportation stocks are coming under early selling pressure. The iShares Dow Jones Transport Average (ETF) (NYSEARCA:IYT) is trading lower by 41.00 to $91.52 a share. Yesterday, the IYT sold off sharply lower; today the important sector ETF is continuing to fall at the start of the day. Short term traders should watch for intra-day support around the $91.00 and $90.50 levels. The daily chart of the IYT will have very good support around the $88.70 area which is the…Continue
Added by Bryan Leighton on April 10, 2012 at 10:57am — No Comments
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…Continue
Added by Bryan Leighton on March 20, 2012 at 4:01pm — No Comments
All of the leading airline stocks are once again suffering due to the high energy prices. Earlier today, Southwest Airlines Co (NYSE:LUV) warned that the company would not report a profit for the coming quarter. The company said that they simply could not overcome the high cost of fuel despite recent price increases in fares. LUV stock has dropped sharply since early February 2012 when it traded as high as $10.05 a share. This morning, LUV stock is trading lower by 0.01 cent to $8.27 a…Continue
Added by Bryan Leighton on March 13, 2012 at 11:00am — No Comments
All of the major airline stocks have been coming under some heavy selling pressure since early February 2012. The catalyst for the decline in the airlines sector has been the sharp increase in oil. Crude has been soaring higher by more than $100.00 a barrel since early February and this happens to coincide with the decline in the airline stocks. Yesterday, spot crude closed at over $106.00 a barrel, and this is a problematic number for the airline industry. All of the leading airline…Continue
Added by Bryan Leighton on February 22, 2012 at 11:03am — No Comments
The transportation sector is followed closely by most every trader and investor as an economic barometer. When the transportation sector trades higher it is a sign of economic expansion and growth. The opposite is true when the transportation sector declines it is a sign of an economic slowdown and contraction.
This morning, the iShares Dow Jones Transportation ETF (NYSEARCA:IYT) is trading lower by 0.71 cents to $92.82 a share. The daily chart of the IYT is…
Added by Bryan Leighton on February 21, 2012 at 10:39am — No Comments
This morning, all of the leading airline stocks are trading higher. Since the sharp oil decline earlier this week the airline stocks have rallied. Most of these stocks are now getting a little short term overbought and extended, at this time these stocks may need to pullback or consolidate soon. Traders must be remember that the holiday season is usually a bullish period for the airline stocks and most other stocks in the transportation sector.
Some of the…
Added by Bryan Leighton on December 16, 2011 at 10:55am — No Comments
This morning, the leading airline stocks are trading slightly higher on the session. The catalyst for the small move higher in the leading airline stocks is due to the falling price of crude. When oil declines the airline stocks have a tendency to catch a bid and bounce.
U.S. Airways Group Inc (NYSE:LCC) is trading higher by 0.20 cents to $5.39 a share. Short term traders can look for intra-day resistance around the $5.50 area. The daily chart on LCC stock is…
Added by Bryan Leighton on December 14, 2011 at 11:57am — No Comments
Ever since AMR Corp (NYSE:AMR) filed for bankruptcy the other leading airline stocks have taken off to the upside. Many of the airline stocks have surged higher by 10.0 percent or more in just five trading days. While these airline stocks have gotten hot recently they are starting to near important resistance levels. Traders should not expect these stocks to keep the ascending path without a little turbulence soon.
This morning, Delta Air Lines Inc (NYSE:DAL) is…
Added by Bryan Leighton on December 2, 2011 at 11:12am — No Comments
Added by Bryan Leighton on October 3, 2011 at 3:53pm — No Comments
Added by Bryan Leighton on August 17, 2011 at 10:18am — No Comments
Added by Bryan Leighton on July 28, 2011 at 3:29pm — No Comments