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After Yesterday's Decline of 2.87%, Delta Air Li Offers Investors Better Value

By David Diaz

Delta Air Li (NYSE:DAL) traded in a range yesterday that spanned from a low of $56.99 to a high of $58.60. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $57.90 on volume of 2.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Delta Air Li. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Delta Air Li in search of a potential trend change.

Delta Air Li share prices have moved between a 52-week high of $63.44 and a 52-week low of $45.08 and are now trading 26% above that low price at $56.99 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.7%.

Keywords: rebounders delta air li

Ticker(s): DAL