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Delta Air Lines Crosses Below its 10-day MA (DAL)

By James Quinn

Delta Air Lines (NYSE:DAL) crossed under its 10-day moving average of $43.10 on a volume of 2.3 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Delta Air Lines share prices have moved between a 52-week high of $52.77 and a 52-week low of $34.61 and are now trading 23% above that low price at $42.55 per share. The 200-day and 50-day moving averages have moved 0.1% lower and 1.06% lower over the past week, respectively.

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 6.0%. 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

Ticker(s): DAL