Delta Air Lines (DAL) NewsBite - DAL Rises on Falling Oil

Posted: Friday, October 09, 2009 1:32 PM EDT

Delta Air Lines (NYSE: DAL) opened at $8.64. So far today, the stock has hit a low of $8.52 and a high of $8.85. DAL is now trading at $8.68, up $0.06 (0.7%). Over the last 52 weeks the stock has ranged from a low of $3.51 to a high of $12.65. Shares of DAL are rising today, helped by lower 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 January out-of-the-money bull-put credit spread below the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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