| 2017-01-11 14:31:02|
DAL 14:31 01/11 01/11/17
Delta Air Lines technical commentary ahead of results
The shares are trading not far from life highs ahead of earnings news. Prior to the current range which has been volatile, the stock was trading largely between $40 at the low and $50 at the high. If we see a breakout above the life high at $52.76, it would be a strong technical positive and a decisive bullish range break. A move up to the $55 to $57.50 area would be possible. If the news is a negative surprise, price could slip back below the $50 area. Next support levels to watch below $50 as potential downside objectives would be at $47.90, $46.98, $45.66, and $44.81.