Bullish Breakout on American Airlines (AAL)

by DAN American Airlines Group Inc. ($AAL) hit a new 52 week high today. AAL is at $41.37, and has traded in a range from $23.45 to $41.25 over the past 52 weeks. Volume was last at 4,977,990 with a 50 day average of 10,451,506.

52 Week Range $23.45-$41.25 Market Cap 29,801,719,625 Average Volume 10,451,506 Dividend Yield 0.00% Institutional Ownership 58.80% Insider Ownership: 0.00% Percentage of Float Short 2.80% Beta -2.53

American Airlines Group Inc. is above the 50 day moving average and above the 200 day moving average. This configuration is bullish. The stock has also been consolidating for the past 3 months. As such, AAL is likely to move higher and can be bought at current levels.

American Airlines Group Inc. American Airlines Group Inc, through its subsidiaries, operates in the airline industry.

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