Monday, 18 August 2014

DAL, UAL - lower oil prices helping the airlines

With the main market seeing significant gains, the airlines were also on the rise. Delta (DAL) and United Continental (UAL), settled higher by 2.5% and 4.0% respectively. Near term outlook is bullish into September.


DAL, daily


UAL, daily


Summary

Suffice to say, airlines are rising with the main market..and with lower oil prices - consistently under the big $100 threshold, there is increasing media (bullish) attention on the sector.
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*Delta (DAL) remains more stable in terms of stock price, and is unquestionably financially superior to United.