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Watch for US Airways Group to Potentially Pullback After Gaining 2.09% Yesterday
Jan 08, 2013 (SmarTrend(R) News Watch via COMTEX) --
US Airways Group (NYSE:LCC) traded in a range yesterday that spanned from a low of $14.78 to a high of $15.25. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $14.98 on volume of 7.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
US Airways Group share prices have moved between a 52-week high of $15.25 and a 52-week low of $5.55 and are now trading 173% above that low price at $15.15 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.9%.
SmarTrend recommended that subscribers consider buying shares of US Airways Group on August 22nd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.47. Since that recommendation, shares of US Airways Group have risen 29.4%. We continue to monitor LCC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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