“Options Corner: DAL Cruises into Earnings Despite Crude Oil Rally”
Delta fundamentals are strong relative to peers, but technicals show broken support and fading momentum, suggesting consolidation near current levels.
Well, Delta had a strong year, with a year-on-year increase of over 40%. A three-year weekly chart, which somewhat reflects what we have seen from major airlines, such as Delta and United Airlines.
I mean, the stock was less than $40 just 3 years ago . Therefore, the price has more than doubled. The stock is currently trading around $82, but it has retreated from those record highs we saw.