As we could read today the reduction of the stock market is due to all the "technology stocks". How good is it we still have titles who are not dealing with technology. Right, as i said in my last blog I do not have a high opinion about these highly paid writers. When I looked tonight at the stocks in North America only a few got my attention. 4 stocks to be precise. 3 of them are airline companies. US Airways, Delta Airlines and United. By all three were the trade-volume much higher then normal. Specially US Airways with nearly 20 millions stocks with an normal average of 9 million a day and an increase in value of 7.84% today.
What do we get from the indicators for this stock?
Last Thursday the SAR went into a buy phase. The sell period, started July 18th was finished. The MACD delivered on Friday a buy signal, the DI send yesterday the signal and today crossed the PVI the signal line. Overall the message is: buy. It is looking good.
As always: just my 5 cents
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