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Delta Air Li Set to Possibly Pullback After Yesterday's Rally of 6.50%

By Nick Russo

Delta Air Li (NYSE:DAL) traded in a range yesterday that spanned from a low of $22.77 to a high of $23.80. Yesterday, the shares gained 6.5%, which took the trading range above the 3-day high of $22.96 on volume of 43.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Over the past year, Delta Air Li has traded in a range of $19.10 to $63.44 and is now at $23.39, 22% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 5.9%.

Keywords: rebounders delta air li

Ticker(s): DAL