Copa Holdings - 52 Week High

Published on Friday, 19 October 2012 12:34 Written by TradersHuddle Wire

New York, October 19th (TradersHuddle.com) - Shares of Copa Holdings SA (NYSE:CPA) booked a new 52 week high today by trading above $89.57, traders are definitely monitoring Copa's price action to see if this move attracts further buying into the stock.

Copa Holdings SA (NYSE:CPA), through its subsidiaries Copa Airlines and Aero Republica, provides international airline passenger and cargo service. The Company provides scheduled flights to countries in North, Central and South America and the Caribbean.

Copa Holdings is currently trading 0.93% versus its previous trading session close, and it has calculated support and resistance at $80.56 and $89.57 respectively. Clearly, with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range.

The overall market index S&P 500 is trading lower by -1.32% from its previous trading close, which means that Copa Holdings stock is outperforming the overall market.