Delta Air Lines Set to Possibly Rebound After Yesterday's Selloff of 1.75%
Delta Air Lines (NYSE:DAL) traded in a range yesterday that spanned from a low of $45.55 to a high of $46.97. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $46.51 on volume of 11.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
SmarTrend recommended that subscribers consider buying shares of Delta Air Lines on October 20th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.57. Since that recommendation, shares of Delta Air Lines have risen 31.8%. We continue to monitor DAL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Delta Air Lines share prices have moved between a 52-week high of $50.16 and a 52-week low of $28.59 and are now trading 61% above that low price at $46.05 per share. The 200-day and 50-day moving averages have moved 0.89% higher and 1.95% higher over the past week, respectively.
Keywords: rebounders Delta Air Lines