Upgrade Alert for Delta Air Lines (DAL)
Delta Air Lines (NYSE:DAL) was upgraded from Hold to Buy at Deutsche Bank today. The stock closed yesterday at $40.21 on volume of 19.3 million shares, above average daily volume of 10.1 million.
In the past 52 weeks, shares of Delta Air Lines have traded between a low of $32.60 and a high of $52.77 and closed yesterday at $40.21, which is 23% 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%.
Delta Air Lines, Inc. provides scheduled air transportation for passengers, freight, and mail over a network of routes throughout the United States and internationally.
Delta Air Lines has overhead space with shares priced $40.21, or 34.4% below the average consensus analyst price target of $61.33. The stock should find initial resistance at its 50-day moving average (MA) of $46.85 and further resistance at its 200-day MA of $47.12.
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 17.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: analyst upgrades/downgrades Delta Air Lines