Airline Stocks Struggle To Get Lift Off, Watch This Level Since this earnings season has begun in October the airline stocks have struggled to move higher. Leading airlines stock such as Delta Air Lines, Inc. (NYSEAL),American Airlines Group Inc. (NYSE:AAL), Southwest Airlines Co. (NYSE:LUV) and United Continental Holdings, Inc. (NYSE:UAL) have been under pressure recently. Higher fuel prices are certainly starting to weigh on these leading transportation stocks and that has not helped the shares. American Airlines Group Inc. (NYSE:AAL) is forming a daily chart bearish consolidation pattern. This pattern signals potential downside in the near term. Traders should note that the longer the bearish sideways pattern remains the lower the price of AAL stock can go. Today, AAL stock is trading lower by $0.62 to $50.04 a share. The airline giant should have major chart support around the $43.50 area. This support level is where the stock was defended in May and September 2017, so until that level fails it looks to be major chart support for AAL stock. Nicholas Santiago InTheMoneyStocks
Expedia Inc (NASDAQ:EXPE) Has A One Way Ticket Lower Recently, several leading online travel sites come under pressure after reporting earnings. Expedia Inc (NASDAQ:EXPE) started the decline in the online travel stocks on October 27, 2017 when the shares dropped by 18.1 percent. Since the EXPE earnings report other online travel stocks such as The Priceline Group Inc. (NASDAQCLN) and TripAdvisor, Inc. (NASDAQ:TRIP) have fallen lower as well. Needless to say, this industry group is under pressure. Expedia Inc (NASDAQ:EXPE) shares traded as high as $154.24 on October 20, 2017. Today, EXPE is trading around $118.24 a share. The stock is also trading below its weekly 50 moving average which indicates weakness on the charts. Traders and investor now have to look much lower for major institutional sponsorship. The next major support area for EXPE stock will be around the $95.00 level. This area is where the stock was defended back in February 2017. Traders and investors need to be patient with this equity as the trend is down and further declines look likely in the coming months. Nicholas Santiago InTheMoneyStocks
Johnson Controls International plc (NYSE:JCI) Plunges After Earnings, Know This Trade Level Today, leading global diversified technology and multi industrial company, Johnson Controls International plc (NYSE:JCI), is declining lower by nearly 6.0 percent. The fall in JCI stock comes after the company reported earnings and guided FY18 below consensus. These days if a company's guidance is poor the stock will usually suffer. JCI stock is now trading below its important 200 and 50-day moving averages. This puts the stock in a weak technical chart position. Often when a stock sells off with this pattern and volume it will signal further downside is in the cards before a bottom can be found. Traders should now watch the $34.50 area as the next major support level. This institutional support area is where the stock broke out in April 2016. Generally, when stocks test past breakout levels they will initially be supported by the institutional crowd. Nicholas Santiago InTheMoneyStocks
Norwegian Cruise Line Sinks After Weak Guidance Today, leading cruise line operator, Norwegian Cruise Line Holdings Ltd (NASDAQ:NCLH), is falling after reporting earnings. NCLH stock is trading lower by nearly 3.0 percent on the back of weaker guidance. Other leading cruise line stocks such as Royal Caribbean Cruises Ltd. (NYSE:RCL) and Carnival Corporation (NYSE:CCL) are also declining in sympathy to Norwegian Cruise Line Holdings shares. Traders must now notice the bearish consolidation pattern on NCLH stock chart. This pattern signals a decline down to the $48.50 area. This level should be solid support for a bounce in the stock when it tests that level. Nicholas Santiago InTheMoneyStocks
Delta Air Lines, Inc. (NYSEAL) Flying Under The Radar Leading airline stock, Delta Air Lines, Inc. (NYSEAL), has been pulling back since mid-October. At that time, DAL stock traded as high as $54.00 a share. Today, DAL stock is trading around $49.00 a share. The stock is now trading below the important 50 and 200-day moving averages. This tells me that the stock is in a weak technical chart position. Traders must now look lower for major chart support. One lower level that catches my eye is the $45.50 area. This level is where the stock was defended in early September and will most likely be defended again when retested. Traders can look to buy DAL stock around the $45.50 level. It will also be important to place a stop loss under the $44.00 level on a weekly chart close. This trade setup should present a solid risk/reward opportunity with upside around the $56.00 area. Nicholas Santiago InTheMoneyStocks
Does This Stock Chart Predict Trouble For $WMT Earnings, See It Here... Shares of Wal-Mart Stores Inc (NYSE:WMT) have been on a rampage of late. Since early October, the retailer has seen their stock price jump from the $77 range to a 52 week high of $91.98 on Monday, November 14th, 2017. This surge comes with almost all other retailers collapsing lower. Many retailers like Macy's and J C Penny are down more than 50% in recent months. So is this stock price surge for real? The stock chart says 'NO'. While Wal-Mart Stores Inc tagged a new 52 week high on Monday, it reversed from those highs and closed at the lows. This formed a classic extreme bearish topping tail. Topping tails are clear top signals and signal downside. This signal coupled with many other overbought indicators and a tough retail environment tell me this will likely trade lower on earnings. Earnings are set to be reported on Thursday morning. Expectations are for $0.99 per share on $121 billion in sales. Gareth Soloway InTheMoneyStocks
Know This Trade Level For This Leading Regional Bank Stock Since the start of November, leading regional bank stock, U.S. Bancorp (NYSE:USB), has been pulling back on the charts. On November 2, 2017, USB stock traded as high as $55.08 a share, today the stock is trading at $52.02 a share. The one negative for the stock is that it is trading below its 50 and 200-day moving averages. This chart formation tells us that the stock is vulnerable to lower prices in the coming weeks. Traders must now watch the $49.00 area as the next major chart support level. This level was defended in September 2017 by the institutional money and it should be defended again when it is retested. It is always important for traders to know where they are wrong, so I would place a stop-loss below the $47.00 level using a weekly chart close. The upside targets for USB stock would be $55.00 as a first target and ultimately $60.00 a share as the final target. Nicholas Santiago InTheMoneyStocks
