Delta Air Lines Bearish Moving Average Crossover Alert (DAL)
Delta Air Lines (NYSE:DAL) shares have crossed bearishly below their 10-day moving average of $42.17 on a volume of 1.8 million shares. Swing traders may find an opportunity 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 $34.61 and a high of $52.77 and are now at $42.02, 21% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.1%.
SmarTrend recommended that its subscribers protect gains by selling shares of Delta Air Lines on April 7th, 2016 by issuing a Downtrend alert when the shares were trading at $46.30. Since that call, shares of Delta Air Lines have fallen 8.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses Delta Air Lines