Trade Alert On American Airlines: See It Here

Shares of American Airlines (AAL) have fallen sharply form the Pfizer (PFE) Covid-19 vaccine news on Monday. On Monday, American Airlines opened higher, hitting $14.43, then falling to its current $12.00/share level today. The trade alert on American Airlines is simple here. Buy American Airlines at the gap fill of $11.45. This is a major technical support. As the year winds down, the vaccine will get closer to being approved and distributed. In addition, there will likely be at least two or three other vaccines that get approved. With every good piece of news, investors will buy the airline stocks as well as other reopening trades. The closer ‘normal’ gets, the higher expectations for American Airlines will rise. This will drive share price up. The upside target is $16.00, giving a potential for a 40% upside move. The manage the trade, keep a stop at any daily close below $11.00. This makes the risk a simple 4% on this trade alert on American Airlines. That is a fantastic risk/reward trade setup.

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