NEW BULLISH Plays
Delta Air Lines - DAL - close: 34.20 change: -0.23
Stop Loss: 32.80
Target(s): to be determined
Current Gain/Loss: unopened
Entry on March -- at $--.--
Listed on March 27, 2014
Time Frame: exit PRIOR to earnings on April 23rd
Average Daily Volume = 11.6 million
New Positions: Yes, see below
Why We Like It:
DAL is in the services sector. Founded in 1924 they run a major airline with over 900 planes. The trend for the airline stocks is up. Wall Street analysts believe that a relatively flat to down trend in fuel prices coupled with a slow but steady growth in the U.S. economy is bullish for the airlines. DAL garnered more positive analyst comments yesterday from Morgan Stanley.
Investors have been buying the dips in DAL near its rising 50-dma and they just did it again a few days ago. We like how they quickly bought the dip again this morning.
Yesterday's high was $34.55. I am suggesting a trigger to open bullish positions at $34.60. We are not setting a target yet but we will plan to exit prior to DAL's earnings report on April 23rd.
Trigger @ 34.60
Suggested Position: buy DAL stock @ (trigger)
- (or for more adventurous traders, try this option) -
Buy the May $35 call (DAL1417E35) current ask $1.44