Airline Stocks Takeoff Early – UAL, LCC, DAL, SAVE

This morning, all of the leading airline stocks are trading higher. This sector has been fairly strong since mid-March 2012. This is exact time when oil topped out after trading as high as $110.00 a barrel. As you all know, oil is the largest expense for an airline outside of labor costs. Today, light sweet crude is trading lower by 0.72 cents to $82.60 a barrel.

United Continental Holdings Inc (NYSE:UAL) is considered to be one of the leading stocks in the airline sector. Today, UAL stock is trading higher by 0.65 cents to $22.67 a share. Short term traders should watch for intra-day resistance around the $23.00 area. The UAL daily chart is still trading above the important 200-day moving average which is favorable for a little more upside.

Some of the other leading airline stocks that are trading higher today include Spirit Airlines Incorporated (NASDAQ:SAVE), US Airways Group Inc (NYSE:LCC), and Delta Air Lines Inc (NYSE:DAL). Please remember, oil prices will continue to cause the airline stocks to be very volatile.

About Nicholas Santiago 575 Articles

Affiliation: InTheMoneyStocks.com

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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