This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at email@example.com or call 800-767-3771 ext. 9339.
Zacks highlights commentary from People and Picks Member «inthemoneystocks».
For more Voice of the People, visit http://at.zacks.com/?id=7872
Airlines Take Off - Know These Levels
Ever since AMR Corp ([url=http://www.zacks.com/stock/quote/amr]AMR[/url]) 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 ([url=http://www.zacks.com/stock/quote/dal]DAL[/url]) is trading higher by 0.08 cents to $8.62 a share. On November 25, 2011 the stock was trading as low as $7.08 a share. This is a massive move for this stock in such a short amount of time. Traders must watch for short term daily chart resistance around the $8.90 - $9.00 area. The stock will have some intra-day resistance around the $8.77 level.
Many of the other leading airline stocks such as United Continental Holdings Inc ([url=http://www.zacks.com/stock/quote/ual]UAL[/url]), Southwest Airlines Co ([url=http://www.zacks.com/stock/quote/luv]LUV[/url]) and JetBlue Airways Corp ([url=http://www.zacks.com/stock/quote/jblu]JBLU[/url]) are all nearing important daily chart resistance. Traders should start to look for these stocks to pullback a little off these recent highs very soon.
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit http://at.zacks.com/?id=7870
Follow us on Twitter: http://www.twitter.com/PeopleAndPicks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=7867.