Airline stocks lifted by upbeat international passernger data - Brent Archer

Sign Up | Log In | What is SocialPicks?

Airline stocks lifted by upbeat international passernger data
Oct 29, 2009 06:50 PM UTC

Brent Archer

Return	Risk
-61.42%	MID

Tracked Blogger

Profile & Performance

Subscribe to author

Symbol	Sentiment	Start	Return	Closed
CAL	n/a
DAL	n/a
UAUA	n/a
AMR	n/a

Via BloggingStocks:

Filed under: Good news, Industry, AMR Corp (AMR), Contl Airlines'B' (CAL), UAL Corp (UAUA), Options, Technical Analysis

American Airlines (NYSE: AMR - option chain) shares are rising today along with most other major airlines this morning after the International Air Transport Association said international passenger demand rose 0.3% year-over-year in September, the first month of growth in the past year. AMR, Delta (NYSE: DAL), Continental (NYSE: CAL) and United (NASDAQ: UAUA) are all in the green between 2% and 3% so far today. If you think that AMR won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on the stock.

AMR opened this morning at $5.68. So far today the stock has hit a low of $5.55 and a high of $5.70. As of 11:50, AMR is trading at $5.57 up 13 cents(2.4%). The chart for AMR looks neutral and S&P gives AMR a neutral 3 STARS (out of 5) hold ranking.

Continue reading Airline stocks lifted by upbeat international passernger data

Airline stocks lifted by upbeat international passernger data originally appeared on BloggingStocks on Thu, 29 Oct 2009 13:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Read the rest of original post »

Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment

IN THE PRESS

None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.