Wednesday, 25 November 2015

DAL, UAL - airlines struggling

Whilst the broader market saw a day of nano chop, there was once again weakness in airline stocks. Delta (DAL) and United (UAL), both settled lower by -0.8% and -1.0% respectively. Near term outlook offers weakness to the 200dma, before renewed upside into early 2016.

DAL, daily

UAL, daily


Suffice to add, airlines are really struggling, relative to what are consistently low energy/fuel prices.

If Oil does break >$50 threshold in 2016... it will be interesting to see how the airline stocks are impacted.

*I've no position... with no intention to get involved, but I do think airlines/transports merit keeping an eye on.