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SmarTrend Watching for Potential Pullback in Shares of Delta Air Li After 6.50% Gain

By David Diaz

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.

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 22% above that low price at $23.39 per share. 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