Delta Air Lines (DAL) flashed the golden cross (50-day moving average rises above 200-day) signal.
The green price bars showing outperformance vs. SPX.
Will the bulls be able to break the May highs.
We recently saw JBLU flash a golden cross.
The industry must be on traders watchlist.
What would airlines do if Crude Oil prices brokedown?
The golden cross is a good filter to help narrow down the field. From there, traders should apply the Seven Steps to Better Stock Trading. For example, it is important to determine if there is a trend. One way to do it is to apply a swing indicator and look for a pattern of higher highs and higher lows. Better yet, just use my Total Indicator for eSignal. It’s free!