UAL - imminent cabin decompression?

United Continental is getting squeezed, which way it is going to fly next? UAL is in the cheap category, but I sure don't like it. Profit margins are too thin, and Oil certainly has potential this summer to test the 2008 highs - even with what is a pretty low growth economy.

Key stats: see, http://finance.yahoo.com/q/ks?s=UAL+Key+Statistics

UAL, daily

MACD cycle suggest UAL is weak, and that the trend is likely to break lower. A move under $20, opens up the 17s. If Oil prices hold current levels, or if they actually start to rise further, UAL re-testing the November low of 15.50 seems very viable.

UAL will certainly be one to watch for the rest of April. A move above $23 would be one very bullish sign for the wider market in my view.

yours..
   never travelled Business/First class (yet)