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Delta Air Lines Inc
(NYSE: DAL) Add to Portfolio
$58.02
+0.34 (+0.59%)
as of 13:47 EDT

Watch for Delta Air Li to Potentially Pullback After Gaining 2.11% Yesterda

Delta Air Li (NYSE:DAL) traded in a range yesterday that spanned from a low of $59.56 to a high of $61.58. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $60.60 on volume of 4.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Delta Air Li share prices have moved between a 52-week high of $61.58 and a 52-week low of $45.08 and are now trading 36% above that low price at $61.52 per share. The 200-day and 50-day moving averages have moved 0.04% higher and 0.29% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Delta Air Li on June 13th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.46. Since that recommendation, shares of Delta Air Li have risen 6.6%. We continue to monitor DAL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to SmarTrend at cs@mysmartrend.com

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