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Delta Air Lines Inc
(NYSE: DAL) Add to Portfolio
$58.02
+0.34 (+0.59%)
as of 13:48 EDT

SmarTrend Watching for Potential Pullback in Shares of Delta Air Li After 1

Delta Air Li (NYSE:DAL) traded in a range yesterday that spanned from a low of $59.56 to a high of $63.01. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $62.24 on volume of 4.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Delta Air Li share prices have been bracketed by a low of $45.08 and a high of $63.01 and are now at $62.88, 39% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

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 9.3%. 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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