UAL daily
UAL monthly
Summary
The day began....
.... with the CEO of UAL on CNBC. In pre-market, the stock was lower by around -2%, which (despite the main market) was a surprise, as earnings were unquestionably good.
Yet... with a moderately weak main market, the stock started to spiral. With talk of a 'price war', technical support was broken, and that saw a major washout occur. The daily candle is very bearish, and bodes for a test of the recent low in the $57s.
To be clear... earnings were good. With annual EPS of almost $9, this makes for a forward PE in the 7s. On any basis, that is crazy low.. a third of the typical main market valuation.
Unless you really believe there is set to be some kind of mid term price war between the airlines, the mid term outlook has to be bullish. The grander target for 2018 would be the giant psy' level of $100. Right now, that is a massive 67% to the upside.
yours... prefers travel via train.
