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

Posted: Monday, July 13, 2009 10:16 AM EDT

Delta Air Lines (DAL) appears to be on the move today and is now at $5.76, down $0.14 (-2.37%) on volume of 920,483 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 Vic Wisemann report today. To read the report, and find out everything you need to know about the airline industry, go to www.marketintelligencecenter.com/vw071309 . Delta Air Lines stock has been showing support around $5.49 and resistance in the $6.15 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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