Delta Air Lines (DAL) NewsBite - DAL Is On the Move

Posted: Thursday, July 09, 2009 10:32 AM EDT

Delta Air Lines (DAL) appears to be on the move today and is now at $5.72, up $0.04 (0.7%) on volume of 1,039,566 shares traded. Over the last 52 weeks the stock has ranged from a low of $3.51 to a high of $12.65. DAL was covered in a Lee Allen report today. To read the report, and get Lee's thoughts on the airline industry, go to www.marketintelligencecenter.com/la070909 . Delta Air Lines stock has been showing support around $5.37 and resistance in the $6.05 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 an August out-of-the-money bull-put credit spread below the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]

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