If there’s one sector that has been strong, it’s the airlines, which have been solid and trending higher for months. No one has been better than Delta (DAL), which notched another new high today on pretty strong turnover. The chart looks like a classic “buy the dip,” with the stock trading in a nice upward price channel. Momentum indicators are solid here – the MACD about to flash a big “buy” signal (you’ll see it circled in the chart below). Volume has been really solid lately, as the stock broke out to higher levels. DAL has potential for some really good gains on the horizon, so keep your eye on it!
