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Delta Air Lines Rises 1.96% on Heavy Volume: Watch For Potential Pullback
Feb 25, 2013 (SmarTrend(R) News Watch via COMTEX) --
Delta Air Lines (NYSE:DAL) traded in a range yesterday that spanned from a low of $13.82 to a high of $14.34. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $14.32 on volume of 16.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Delta Air Lines share prices have moved between a 52-week high of $14.90 and a 52-week low of $8.42 and are now trading 67% above that low price at $14.02 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.4% while the 200-day MA has risen 0.5%.
SmarTrend recommended that subscribers consider buying shares of Delta Air Lines on October 3rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.01. Since that recommendation, shares of Delta Air Lines have risen 35.5%. We continue to monitor DAL 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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