Whilst the broader market opened sharply lower, United Continental (UAL) was already higher in pre-market by 4-5%. UAL built gains across the day, settling higher by a very powerful 12.7% @ $45.18. The big $50 threshold looks a relatively easy target.
It was the third consecutive daily gain for UAL, and today was a truly powerful move to the upside.
Underlying MACD (blue bar histogram) cycle has now turned positive, and there is very viable upside across the entirety of next week.
Whether UAL hits $50 this month, August..or not until Sept' should not make much difference to those on the long side. The stock has made a secure floor in the $36s, and is now over 20% higher in just 3 trading days.
re: DAL and AA.
I expect both Delta and American Airlines to see somewhat similar gains in the coming weeks, although UAL remains the more 'dynamic/volatile' stock.