Last week airlines stocks were the talk of the town. The news of oil being down 8 days in a row, capacities being in line with future expectations, combined with some breaking news for AMR about possible overseas connections in…
Trade Signal AMR_112409
Buy trading signal triggered on AMR on November 24, 2009**. AMR- Buy signal triggered on AMR on November 24, 2009* Trading signal for 15 minute price bars Buy price: $5.50 Sell stop price: $5.10 Short term profit level: $6.00 LEVEL…
AMR At It’s 38% Fibonacci Retracement Level
Today AMR completed a 38% retracement. Look for a correction to the upside here trading to 5.95 then further correction to set up a buy price. Some of this analysis is being tracked in the Trading Strategies section.
AMR-AMR Corporation
AMR has traded off it’s high of 9.24. Oil has rebounded, inflation and commodity speculators are supporting prices for the time being. The Federal Reserve reports no heightened risks of inflation in the near future however. It may be good…
AMR-American Airlines
Of course everyone hates the airlines, but as technical traders we do not care much about the short or long term viability of the company, only the short or long term price motion depending on our time frame. Airlines have…
Trade Signal AMR_062309
Buy trading signal triggered on AMR on Tuesday June 23, 2009**. AMR- Buy signal triggered on AMR on Tuesday June 23, 2009* Trading signal for 30 minute price bars Buy price: $3.80 – $3.96 Sell stop price: $3.78 Short term…