Sunday, July 13, 2014

Down in the Delta - $DAL showing relative weakness, but may be a buy

After flirting above $42 Delta Air Lines is 12% below its all time and is showing relative weakness when compared to the Dow Jones US Airlines Index. Support is around $36 so it may be a chance to buy low or purchase some long-term calls at a fraction of the share price. For those looking for an entry point wait until RSI crosses above 50 and PPO crosses above its signal line.



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