UAL - nuclear engines engaged

Whilst the broader market opened sharply lower, United Continental (UAL) was already higher in pre-market by 4-5%. UAL built gains across the day, settling higher by a very powerful 12.7% @ $45.18. The big $50 threshold looks a relatively easy target.


UAL, daily

Summary

It was the third consecutive daily gain for UAL, and today was a truly powerful move to the upside.

Underlying MACD (blue bar histogram) cycle has now turned positive, and there is very viable upside across the entirety of next week.
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Whether UAL hits $50 this month, August..or not until Sept' should not make much difference to those on the long side. The stock has made a secure floor in the $36s, and is now over 20% higher in just 3 trading days.

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re: DAL and AA.

I expect both Delta and American Airlines to see somewhat similar gains in the coming weeks, although UAL remains the more 'dynamic/volatile' stock.