UP 182% in 22 Days!

08/15/2008 12:00 am EST


Thomas Aspray

, Professional Trader & Analyst

As crude plunged the airlines stocks have rocketed to the upside with AMR up over 182% since July 15th. The 200 day MA has been reached with next resistance at $15-16.50. First good support at $7-8.50 and the weekly technical studies suggest a test of the $5-6.50 area will complete a bottom.