United Airlines (UAL)

Jan 6, 2023Trade Ideas

United Airlines (UAL) is taking flight again.
On Dec. 27, we noted, “Oversold, the stock could be ready to take off again. Just days ago, the stock fell on a CPI report showing U.S. airfares fell 3% from October to November. Helping, UAL director Edward Shapiro just bought 25,000 shares for about $995,000 at an average price of $39.79. UAL last traded at $38.39—oversold on RSI, MACD, and Williams’ %R.”

Today, shares of UAL are up to $41.24, and could potentially refill its gap around $45, near-term. Helping, oil prices are pulling back, which is great news for the airlines.


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