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

By James Quinn

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.

In the past 52 weeks, shares of Delta Air Li have traded between a low of $32.60 and a high of $60.79 and are now at $54.69, which is 68% 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 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