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American Airline Crosses Above its 10-day MA (AAL)

By David Diaz

American Airline (NASDAQ:AAL) shares have crossed bullishly above their 10-day moving average of $26.64 on a volume of 1.4 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, American Airline has traded in a range of $25.14 to $43.89 and is now at $26.78, 7% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of American Airline on July 29th, 2019 by issuing a Downtrend alert when the shares were trading at $30.87. Since that call, shares of American Airline have fallen 14.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses american airline

Ticker(s): AAL