Wednesday, September 14, 2011

Delta Should Keep Flying Higher

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tdp2664 InvestorPlace Serge Berger is the head trader and investment strategist for The Steady Trader . Sign up for his free weekly newsletter . Delta Air Lines (NYSE: DAL ) — US Airways Group (NYSE: LCC ) led an industry-wide rally on Tuesday after executives said they have not yet seen any signs of a contracting economy in their September bookings and stated plans to reduce their seat capacity. Shares of airline stocks have been under severe pressure so far in 2011, and the Guggenheim Airline ETF (NYSE: FAA ) is down almost 30% year to date. Out of the group, the stock that caught my attention yesterday was Delta. The weekly chart turned down in January after the stock broke the uptrend dating back to early 2009, and has been trending down ever since.



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