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Delta Air Li: 52-Week High Recently Eclipsed (DAL)

By James Quinn

Delta Air Li (NYSE:DAL) traded today at a new 52-week high of $63.39. Approximately 1.1 million shares have changed hands today, as compared to an average 30-day volume of 5.7 million shares.

In the past 52 weeks, Delta Air Li share prices have been bracketed by a low of $45.08 and a high of $63.39 and are now at $62.80, 39% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

There is potential upside of 14.4% for shares of Delta Air Li based on a current price of $62.80 and an average consensus analyst price target of $71.82. Delta Air Li shares have support at the 50-day moving average (MA) of $56.24 and additional support at the 200-day MA of $53.80.

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, São Paulo, Seattle, Seoul-Incheon, and Tokyo-Narita.

SmarTrend recommended that subscribers consider buying shares of Delta Air Li on June 13th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.46. Since that recommendation, shares of Delta Air Li have risen 11.9%. We continue to monitor DAL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows delta air li

Ticker(s): DAL