Don't Ignore This Chart!

Airlines Awaiting Take Off

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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

Tom Bowley
About the author: is the Chief Market Strategist at EarningsBeats.com, where he provides stock market education, guidance, and trading strategies using a unique combination of technical, fundamental, and historical analysis. Tom provides EarningsBeats.com members with four portfolios (Model, Aggressive, Income, and Value), all designed to beat the benchmark S&P 500, and a revolving Watch List of hundreds of companies reporting strong quarterly earnings (must beat both revenue and EPS estimates) and exhibiting technical strength as well. These companies comprise EarningsBeats' annotated Strong Earnings ChartList (SECL), from which Tom trades exclusively. Tom writes a Daily Market Report (DMR) for members to include an executive summary, market outlook, sector/industry watch, and trading ideas. Learn More
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