In an earlier post I highlighed Delta Airlines [DAL] for a swing trade with airlines benefiting from lower crude oil pricing. Delta seems to be leading the pack however here are a few others for your consideration with their 50d now trading above the 200d; a better sign of health imho. When in doubt, check the airline index XAL [left] which would indicate to buy the next pullback. Pundits also believe this is one of the areas we’ll see M&A activity going forward so adding one to your portfolio with lower crude prices wouldn’t be a bad decision.
Now I realize I just posted that above stating lower crude prices but there’s something just plain sexy about XOM and how broke out, formed a rising wedge, dropped, achieved its target from the wedge and is now sitting at its prior breakout point – testing that support. Kizmet. Its price target was just lowered to $79 and where is it now? $68. Hmmmmmmmm One week left in the year, right?