Delta Air Lines (DAL) NewsBite - DAL Rises as NWA Merger Clears Hurdle

Posted: Thursday, September 25, 2008 1:24 PM EDT

Delta Air Lines (NYSE: DAL) opened at $8.44. So far today, the stock has hit a low of $8.08 and a high of $8.55. DAL is now trading at $8.14, up $0.11 (1.36%). Over the last 52 weeks the stock has ranged from a low of $4.00 to a high of $21.10. DAL shares are rising today after the shareholders of Northwest Airlines (NWA) voted in favor of a proposed merger between the two companies. Technical indicators for the stock are bullish and S&P gives DAL a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on DAL the stock seems like it could be a candidate for a November out-of-the-money bull-put credit spread below the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]

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