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Delta Air Lines Is The Best In Class, Watch This Level

Delta Air Lines Inc (NYSE:DAL) is by far the best airline stock right now as far as relative strength goes. The company has no exposure to the Boeing 737 Max, so this has certainly helped the stock hold up much better than most other airline stocks recently. Currently, most travel related stocks are falling as the Coronavirus causes fear around the world. Today, DAL stock is falling by $2.16 to $56.65 a share. Traders and investors must now be aware that most transportation stocks could see more selling pressure until this virus is controlled. Either way, DAL has excellent support around the $50.00 area. This level is where the stock reversed form a down-trend and broke out to the upside in late March 2019. I will look to play DAL on the long-side at this important level.

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