Airlines Lead Market, but Shooting Stars Could be Forming

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com



Stocks were under mild selling pressure early Thursday, but airlines bucked the trend with good gains and fresh highs. A look at the predefined scans page shows several airlines and two airline-related stocks making the 52-week high list today. Despite new highs and uptrends, also note that UAL, DAL, LUV and ALK are trading well below their morning highs and shooting star patterns could form. Click here for a CandleGlance chart of all six.

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Arthur Hill
About The Author:

Arthur is the Chief Technical Strategist at TrendInvestorPro. Focused primarily on US equities and ETFs, his systematic approach of identifying trend, finding signals within and setting key price levels has made him an industry-leading technician. Learn More 

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