Don't Ignore This Chart!

Airlines Lead Market, but Shooting Stars Could be Forming


Stocks were under mild selling pressure early Thursday, but airlines bucked the trend with good gains and fresh highs. A look at the predefined scans page shows several airlines and two airline-related stocks making the 52-week high list today. Despite new highs and uptrends, also note that UAL, DAL, LUV and ALK are trading well below their morning highs and shooting star patterns could form. Click here for a CandleGlance chart of all six.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at 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. Learn More
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