Bearish Moving Average Cross by Delta Air Lines (DAL)
Delta Air Lines (NYSE:DAL) shares have crossed bearishly below their 10-day moving average of $39.60 on a volume of 4.6 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Delta Air Lines share prices have been bracketed by a low of $32.60 and a high of $52.77 and are now at $38.92, 19% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.1%.
SmarTrend is monitoring the recent change of momentum in Delta Air Lines. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Delta Air Lines in search of a potential trend change.
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