DAL resuming uptrend after bounceThat is the third confirmation of the ascending trendline. Third time's the charm?
DAL trade ideas
delta outperforming againlooks like delta air lines is reacting to the oil prices, already long position
LET'S LOOK AT DELTANotes on chart, but here is how I would play it. As long as the 13 day EMA is under the 25 I would remain bearish. If the 13 goes under the 50 which hasn't happened for a long time I would be even more bearish. Remember that the overall trend has been up since December 2012 so don't get faked out. The safest play would be a long play and wait for the 13 day to cross over the 25. I wouldn't be surprised if it went down to 18 before resuming the trend up. HAPPY TRADING!
