This is just a quick and dirty note regarding today's strength in airline stocks. The table below shows eight airline stocks, the Airline ETF (JETS) and the DJ US Airline Index ($DJUSAR). Notice that the StockCharts Technical Rank (SCTR) for two stocks is above 90 (JBLU and ALK) and three have SCTRs above 80 (DAL, HA and ALGT). These are five stocks are strong on a relative basis and several have bullish looking charts. Six charts are posted after the jump.
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Plan your Trade and Trade your Plan!
--Arthur Hill CM
About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. 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 market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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