Delta Air Lines (DAL) NewsBite - One Of Today's Top Losers

Posted: Friday, June 26, 2009 2:59 PM EDT

Delta Air Lines (DAL) leads the list of top losers so far today and is now at $5.67, down $.36 (-5.97%) on volume of 7,784,977 shares traded. Over the last 52 weeks the stock has ranged from a low of $3.51 to a high of $12.65. Delta Air Lines stock has been showing support around $5.31 and resistance in the $6.41 range. Technical indicators for the stock are bullish and S&P gives DAL a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on DAL the stock seems like it could be a candidate for a September out-of-the-money bear-call credit spread above the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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