Took a position in DAL a couple weeks ago on 11/24/15 – 11:34am EST @ $47/share, as the stock took a hit following news that the State Department issued a global travel warning in the wake of the attacks in Paris and lockdown in Brussels. According to the press release on 11/23/15, the travel alert will run until February as the Islamic State and "other terrorist groups continue to plan terrorist attacks in multiple regions."
This time last year, oil was $63 per barrel and Delta was trading @ $47 per share. In comparison, WTI is now trading @ $38.35/bbl, representing a more than 60% year-on-year decline. According to AviationDB, Delta’s fuel costs as a percentage of operating expenses was 18% in Q2 2015, down from 39% in 4Q 2014.
Purchased DAL just above the illustrated blue ascending/descending trend lines. Since then, a breakout has been confirmed with shares swiftly moving through the $48 neckline / 50 & 20 DMA / and previous earnings level. As of the time of this post (12/7/15 - 11:10am EST), my gains are 9.18%. Expect additional upside, as depressed oil prices will continue to serve as a tailwind for Delta's stock. Raising my stop loss to just below $48.
This time last year, oil was $63 per barrel and Delta was trading @ $47 per share. In comparison, WTI is now trading @ $38.35/bbl, representing a more than 60% year-on-year decline. According to AviationDB, Delta’s fuel costs as a percentage of operating expenses was 18% in Q2 2015, down from 39% in 4Q 2014.
Purchased DAL just above the illustrated blue ascending/descending trend lines. Since then, a breakout has been confirmed with shares swiftly moving through the $48 neckline / 50 & 20 DMA / and previous earnings level. As of the time of this post (12/7/15 - 11:10am EST), my gains are 9.18%. Expect additional upside, as depressed oil prices will continue to serve as a tailwind for Delta's stock. Raising my stop loss to just below $48.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.