The staff at DividendChannel.com analyzes a powerhouse airliner stock that just broke below its 200-Day Moving Average and points out that it is significant that this stock is currently trading down considering its 52-week range.
In trading on Tuesday, shares of Delta Air Lines, Inc. (DAL) crossed below their 200-day moving average of $35.50, changing hands as low as $35.18 per share. Delta Air Lines, Inc. shares are currently trading down about 0.3% on the day. The chart below shows the one year performance of DAL shares, versus its 200-day moving average.
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Looking at the chart above, DAL's low point in its 52-week range is $22.71 per share—with $42.66 as the 52 week high point—that compares with a last trade of $35.81.
According to the ETF Finder at ETF Channel, DAL makes up 2.91% of the iShares Transportation Average ETF (IYT), which is trading higher by about 0.1% on the day Tuesday.
By the Staff of DividendChannel.com
