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.
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