Don't Ignore This Chart

Airline ETF Surges off Support

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The on-again off-again Airline ETF (FAA) surged off support with a big move on Monday. After plunging in mid July, the ETF found support and then moved above its late July high. Also notice that Aroon Up surged above Aroon Down. You can read more on Aroon in our ChartSchool.

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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. He has written articles for numerous financial publications including Barrons and Stocks & Commodities magazine. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed technician. In addition to his CMT designation, Arthur holds an MBA from the Cass Business School at City University in London. Learn More
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