Delta Air Lines (DAL) NewsBite - DAL Could Be On the Move

Posted: Tuesday, September 08, 2009 10:24 AM EDT

Delta Air Lines (DAL) could be on the move today and is now at $7.39, unchanged (0%) on volume of 1,444,941 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 see how a potential Swine Flu outbreak could affect the economy, go to www.marketintelligencecenter.com/vw090809 . Delta Air Lines stock has been showing support around $6.97 and resistance in the $7.67 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 January out-of-the-money bull-put credit spread below the 6 range. [ABR-Seven Summits Strategic Investments NewsBite]

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