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American Airline: The Losing Streak Continues (AAL)

By Shiri Gupta

American Airline (NASDAQ:AAL) traded today at a new 52-week low of $26.91. So far today approximately 1.8 million shares have been exchanged, as compared to an average 30-day volume of 6.1 million shares.

Over the past year, American Airlinehas traded in a range of $26.91 to $43.89 and are now at $26.91. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.2%.

There is potential upside of 118.2% for shares of American Airline based on a current price of $26.91 and an average consensus analyst price target of $58.71. The stock should find initial resistance at its 50-day moving average (MA) of $31.55 and further resistance at its 200-day MA of $33.21.

American Airlines Group Inc. operates an airline that provides scheduled passenger, freight, and mail service throughout North America, the Caribbean, Latin America, Europe, and the Pacific. The Company also provides connecting service throughout the United States, Canada, and the Caribbean.

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 10.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows american airline

Ticker(s): AAL