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DELTA AIR LINES INC
(DAL-NYSE):
Technical Viewpoint: From a low
of $37.70 on Apr 4, 2001 prices
rallied, reaching a
high of $46.35
on May 11, 2001. A
decline saw prices pull back, reaching a
low of
$43.50 on May 16, 2001.
Another rally saw prices penetrate
resistance, closing 5/23/01
at $47.86. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 18, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $44.50. Resistance: Is at $48.75.
Point & Figure: Reversed to the upside on May 17, 2001. A P&F upside
reversal takes place at $46.50. Summary: Technical indicators have turned bullish. BUY! DELTA AIR LINES INC
(DAL-NYSE) @ $48.12 Stop: Use a protective stop of $45.62.
DELTA AIR LINES INC is currently trading @ $47.86 plus $.79 on May 23, 2001. Price Objective:
$57.50. Risk/Reward: $2.50 VS. $9.38. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$57.50
Risk/Reward:
$2.50 VS. $9.38
Risk/Reward Ratio:
4:1
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