Delta Air Lines (DAL) NewsBite - Lower Oil Boosts DAL

Posted: Tuesday, November 03, 2009 11:24 AM EDT

Delta Air Lines (NYSE: DAL) opened at $6.95. So far today, the stock has hit a low of $6.93 and a high of $7.34. DAL is now trading at $7.17, up $0.22 (3.09%). Over the last 52 weeks the stock has ranged from a low of $3.51 to a high of $12.65. DAL shares are receiving support from lower oil futures today. 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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