Is US Airways Breaking Out?

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Is US Airways Breaking Out?

Published on Thursday, 02 February 2012 08:12 Written by Danny Miller

New York, February 2nd (TradersHuddle.com) - Shares of US Airways Group, Inc. (NYSE:LCC) closed the trading session at $8.90 just above calculated resistance at $8.79 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range

US Airways Group, Inc. (NYSE:LCC) is an air carrier that transports passengers, property, and mail. The Company provides regularly scheduled service at airports in the United States, Canada, Europe, the Caribbean, and Latin America. The airline operates with major hubs in Phoenix, Charlotte and Philadelphia.

US Airways' stock was trading in a well defined range with support at $4.97 and resistance at $8.79, given that this range was broken traders will be closely monitoring the stock

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