Login

Register

Login

Register

Buy Signals On Airline Stocks But High Risk

There may be a glimmer near-term as buy signals on airline stocks show up. Stocks like Spirit Airlines Inc (SAVE), American Airlines (AAL) and Delta Airlines (DAL) all are hitting key technical levels. Delta and Spirit Airlines both filled major gaps on a classic retrace of their recent bounce. In addition, all airlines have major technical time counts hitting today. Time counts are cycle related and potentially signal a reversal, in this case back up. It is important to mention, these are all extremely high risk. The sector is moving on average 10% a day and it is possible for these factors to fail.

I am long some airlines today and will look to see if a pop comes in early next week. I am not looking to marry these stocks, just a quick swing trade. The buy signals on airline stocks does excite me and got me to accumulate small positions today.

A net gain of 648% through April 2nd, 2020 is a reality for members of Verified Investing Alerts. For investors who are sick of losing money as the markets collapse due to the COVID-19, this is the key. Swing trading off technical levels allows smart investors to jump in at key levels and out for 10%+ gains in days. Master Trader Gareth Soloway has guided his members, actively swing trading stocks using key technical levels to multiple profits of 10% almost every day. With the action these days, members get multiple trades a day. See the VERIFIED track record HERE (scroll down on the page). Members get exact entry prices, stops, targets and daily videos that analyze the market, stock and current positions. The second Master Trader Gareth Soloway buys/sells a stock, members get a text/email alert to get them in/out of the trade in seconds. Join today and profit for life!