Delta Airlines (DAL) – Bearish DailyPlay – March 22nd, 2019

Bearish – DAL $50.30 – Industrial

The bearish DailyPlay we chose for Friday, March 22nd is Delta (DAL). DAL is part of the Industrial Sector (XLI). XLI has fallen 1.82% over the past month and its 1m and 6m trends turned neutral and bearish on March 7th while bouncing lower off its $75 resistance level. 

Delta’s 1m and 6m trends turned neutral yesterday and recently bounced lower off its $51 resistance level. With a technical score of 4 (out of 10), DAL is a weak stock that will likely trade lower on earnings.

As a stop loss, if DAL was to trade above $51 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

Webinar Recording:

How to Generate Consistent Income w/ Covered Calls – Watch Recording

Track DailyPlay Positions

Track open DailyPlay trades with Live P&L on all positions in our Portfolio tool!