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Watch for Delta Air Li to Potentially Pullback After Gaining 3.29% Yesterday

By Amy Schwartz

Delta Air Li (NYSE:DAL) traded in a range yesterday that spanned from a low of $53.26 to a high of $54.72. Yesterday, the shares gained 3.3%, which took the trading range above the 3-day high of $54.44 on volume of 3.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Delta Air Li share prices have moved between a 52-week high of $60.79 and a 52-week low of $32.60 and are now trading 68% above that low price at $54.69 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 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.

Keywords: rebounders delta air li

Ticker(s): DAL