Delta Air Lines, Inc. provides scheduled air transportation for
passengers and cargo worldwide. Its route network comprises various
gateway airports in Amsterdam, Atlanta, Cincinnati, Detroit, Memphis,
Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de
Gaulle, Salt Lake City, Seattle, and Tokyo-Narita. The company sells
its tickets through various distribution channels, including telephone
reservations, delta.com, traditional brick and mortar, and online travel
agencies. It also provides aircraft maintenance, repair, and overhaul
services for aviation and airline customers, as well as offers staffing
services, professional security and training services, and aviation
solutions for third parties; vacation packages; and aircraft charters,
and aircraft management and programs. The company has a fleet of
approximately 900 aircraft.
Please take a look at the 1-year chart of DAL (Delta Air Lines, Inc.) below with my added notations:
DAL has come down to a two different levels of support. First, the
stock has approached an important up-trending level of support (blue)
and, as you can see, has already broken that support. This would imply
lower prices ahead for the stock, but first the $33 level (green) will
have to be broken.
The Tale of the Tape: DAL has a key area of support
at $33, but has already broken trendline support. A long trade could be
made at $33 with a stop placed below that level of entry. However, if
the stock were to break below $33 traders might want to look to get
short on the stock.
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