Airlines ($DJUSAR) have traded sideways to down most of 2015. Yet this industry group is one of the best performers historically in the month of October. Furthermore, several airline stocks are in bullish patterns OR are approaching key technical levels of support/resistance. The chart below summarizes several of the charts in this group. Technical breakouts on confirming volume should be respected, especially considering this is the time of year these stocks love to FLY. Check out these component stocks and their technical merit:
UAL is at major 2015 price support while all of the others reflected above are in general uptrends. Entering at support levels makes sense given the technical signs and the historical tailwinds.
Happy trading!
Tom
