• Return to Headlines

Delta Air Li Falls 2.29% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Delta Air Li (NYSE:DAL) traded in a range yesterday that spanned from a low of $22.81 to a high of $23.94. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $22.91 on volume of 34.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Delta Air Li and will alert subscribers who have DAL in their portfolio or watchlist when shares have changed trend direction.

Delta Air Li share prices have moved between a 52-week high of $63.44 and a 52-week low of $19.10 and are now trading 19% above that low price at $22.77 per share. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 5.3%.

Keywords: rebounders delta air li

Ticker(s): DAL