Wednesday, 15 February 2017

DAL, UAL - airline stocks breaking up and away

Whilst the main market saw another day of moderate gains, there was particular strength in the airlines. Delta (DAL) and United (UAL), settled higher by a significant 2.6% and 2.7% respectively. Near term outlook is bullish into early March.. with broader upside due across the year.


UAL, daily


*Transports index has followed the other indexes, with a new historic high in the 9500s.

As for DAL and UAL, suffice to add.... the airlines have seen a massive bullish run since last summer, but there is simply no sign of the current upward trend ending.

I personally prefer DAL to UAL.. as its a far more stable stock, with an arguably superior balance sheet.