Delta Air Lines (DAL) NewsBite - DAL Falls on Higher Oil

Posted: Tuesday, July 21, 2009 10:45 AM EDT

Delta Air Lines (NYSE: DAL) opened at $6.35. So far today, the stock has hit a low of $6.00 and a high of $6.37. DAL is now trading at $6.06, down $0.21 (-3.35%). Over the last 52 weeks the stock has ranged from a low of $3.51 to a high of $12.65. DAL shares are declining this morning, hurt by rising oil futures. 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 December out-of-the-money bear-call credit spread above the 8 range. [ABR-Seven Summits Strategic Investments NewsBite]

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