DAL trade ideas
DAL Golden Cross suggests Wave 5 For a pedestrian industry, DAL has shown bullish consolidation in a rising channel for years. The Golden Cross (50d SMA crossing 200d SMA) today follows stronger than usual price/action, similar to the last one in Nov 2016., where there was a 38.2% retracement before continuing upwards, this time 53.24. We allow a little more because of the earnings gap, and enter at 52.30.
The Feb/Mar consolidation zone is resistance, so the stop is placed below it at 48. The target of 70.50 is ambitious, outside the channel (unless we get another long bullish consolidation), but we are relying Wave 5 being equal to Wave 1 (the last GC). This gives a RR of 4.23.
DAL - DAILY CHARTHi, today we are going to talk about the Target Corp and its current landscape.
With more than 400 planes grounded, 737 Max crisis is still backlashing Boeing Co., and now the Boeing problem could become the industry "problem" as the Federal Aviation Administration (FAA), may fundamentally change the certification process of aircraft, by prioritizing the human factor in the proceeding. The FAA wants to appraise how quickly airline pilots can react to emergency situations and possibly evaluating how the design o planes make it easier or harder for the pilot's reaction. The proposals need to be the debated of Congress, that has been criticizing the FAA administrator Stephen Dickson over its close relationship with the industry, Dickson it's a former employee of Delta Air Lines.
The effects of the 737 problems, combined with the slowing down economy entails strong headwinds for the whole industry, plus this new regulatory change, companies could see a shrinking of its orders, and more costs to have products in-line with the new possible FAA framework. The positive highlight of the day for the sector goes to the orders coming from several airlines, like Emirates that ordered 50 Airbus A350 jets in a deal worthing $16 billion; Air Arabia ordered 120 Airbus A320s in a $14 billion deal, and Etihad will take 20 Boeing Co. 787 Dreamliners.
Thank you for reading and leave your comments if you like.
To have access to our exclusive contents, join the Traders Heaven today! Link Below.
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
DAL LongDAL Long - Daily Chart
I'm long 1600 shares of DAL at $58 average. Delta is my favorite stock to own long-term as of now. I do plan to trade around price action but this a stock that is in my Dividend Compounding Portfolio.6
Some reasons I'm bullish:
Delta's brand is one of, if not the best, in the airline industry.
Industrial's as a sector has lagged the S&P for many years now and is due for a cyclical turn around.
Technical's:
Developing an inverse head and shoulders pattern (this pattern is not validated until complete)
Developing bull flag - which has just broken top trend line - measured move target: $64.20 (new all-time-high)
November 1st gap-up has been closed as of November 14th
20 SMA bullishly crossing 200 SMA
20 SMA about to bullishly cross 50 SMA
Fundamentals:
EPS Growth (TTM vs. Prior TTM) +53.68%
Revenue % Change (TTM) +5.43%
Profit Margin (Most Recent Quarter) +11.91%
P/E (Trailing Twelve Months) 7.96
PEG Ratio (5-Year Projected) 0.70
Dividend Yield 2.85%
1-Year Dividend Growth Rate 15%
5-Year Dividend Growth Rate 34.93%
Payout Ratio (TTM) 22.74%
#DAL Yesterday I was preparing this chart for u and today, bang!Sorry my fellows 'cause yesterday I was preparing this chart for you, but as you know the market is faster than my schedule, so it banged my chart before the chance of posting it. So, I'm posting it exactly how yesterday was. This stock isn't a big deal for me, but it looks nice for day trading. $48.99 is a nice target but an important level to support the price. Stay tuned!
Cream Live Trading, Good Luck!
Airlines price targets - non-MAX operators BULL** Credit Suisse says non-MAX operators such as Delta Air Lines, Spirit Airlines, JetBlue Airways and Alaska Air Group to benefit most from reduced supply levels in the form of higher load factors and fares
** LUV and AAL combined have the highest exposure to MAX fleet in U.S.
-------------------------------------------------------------------------------------------------------------------
Price targets / analysts:
CS downgrades American Airlines Group Inc to "underperform" form "neutral", cuts PT to $30 from $32, citing extended grounding's of MAX jets and ongoing mechanics labor dispute
Cuts PT for Southwest Airlines Co to $51 from $53, while also lowering 2019 EPS estimate to $4.07 from $4.45 due to the airline's inability to capitalize on market demand
Upgrades JBLU to "neutral" from "underperform", raises PT to $19 from $16 due to strong seasonal leisure demand and continued execution of cost and revenue initiatives
Raises PT for United Airlines Holdings Inc to $113 from $111 despite its smaller MAX exposure compared to LUV and AAL
"Joe's Earning season preview" EP01Hello everyone, I'm going to uploading this series as the earning season is going to take places!
Check the names that will have their earning reports this week and see how my strategies will be!
Tue: PEP
Wed: BBBY, PSMT
Thur: DAL
My English speaking is lack of practice for quite a while; please forgive me for my poor expression lol.
Let's see how they go this week yo!!!!
