Tuesday, 22 November 2016

DAL, UAL - airlines cruising broadly higher

Along with the main transportation index, it was another bullish day for airline stocks, with Delta (DAL) and United (UAL) settling higher by 0.6% and 0.8% respectively. Near term outlook offers some chop, but with further broad upside into early 2017.

DAL, daily

UAL, daily


Suffice to add... the gains since June lows have been rather monstrous, with DAL climbing from $32.27, to the $49s, and UAL from $37.41 to the $70s.

On any basis, short term... arguably overbought, but mid/long term outlook is bullish.

*Of the two, yours truly prefers DAL, as the stock itself is generally more stable than the more volatile UAL.

Airline chatter from Pete Najarian