Is Delta Closing in to Resistance?

New York, December 11th (TradersHuddle.com) - Shares of Delta Air Lines, Inc. (NYSE:DAL) are trading very close to calculated resistance at $10.24. The stock ended the trading session at just $10.14, which is near levels that make it difficult to buy or start a position.

Delta Air Lines, Inc. (NYSE:DAL) provides scheduled air transportation for passengers, freight, and mail over a network of routes throughout the United States and internationally. The company has major hubs in Atlanta, Cincinnatti, Detroit, Salt Lake City, New Jork, Tokyo and Amsterdam.

Delta's stock range is defined by its calculated support defined at $9.50 and by the resistance level at $10.24; the stock is clearly over-extended from support, making it harder for participants to establish fresh longs.

Traders don't have a clear entry point for Delta. However, as the stock pulls back towards $9.50 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $10.24 then traders will get an opportunity to enter the stock as it moves to a higher range.

Note - Automated Content Created By TradersHuddle's Technical Scanner




Related Partner Headlines

    Volatile market? That's when profit potential skyrockets for options traders. Now you can get up to 50 trade opportunities a week from top options experts -- plus much more -- on our exciting new site OptionsProfits. Try it FREE!

    TradersHuddle Search

    Stock Search:


    Site Search:

    Loading

    Technical Scans

    Recent Trading Ideas

    Latest Partner Headlines

    Stock Market

    Loading
    Chart
    o Dow Jones 16,982.59 0.00 (0.00%)
    o S&P 500 1,978.91 0.00 (0.00%)
    o NASDAQ 4,444.91 0.00 (0.00%)
    INDEXDJX:.DJI

    Dow Jones

    Company ID [INDEXDJX:.DJI] Last trade:16,982.59 Trade time:4:31PM EDT Value change:0.00 (0.00%)
    INDEXSP:.INX

    S&P 500

    Company ID [INDEXSP:.INX] Last trade:1,978.91 Trade time:4:31PM EDT Value change:0.00 (0.00%)
    INDEXNASDAQ:.IXIC

    NASDAQ

    Company ID [INDEXNASDAQ:.IXIC] Last trade:4,444.91 Trade time:5:15PM EDT Value change:0.00 (0.00%)

    In The Wires

    Copyright © 2013 TradersHuddle.com. All Rights Reserved.