Profit taking in airlines (NYSE:DAL)

by Josh Airlines are leading todays pullback, with half of the airlines down at least 2.07%. Airlines stock lifted off back in September and have been the market leader since September.

With most airlines extended above the 200 day moving average we’re seeing profit taking in the airliners today.

Delta Air Lines ($DAL) is reversing today, last at $27.99 on a volume of 12,754,000 shares. Over the past 52 weeks DAL has traded from a low of $9.50 to a high of $29.44. Share are finding intra day support at the 21 day simple moving average, currently at $27.97.

52 Week Range $9.50-$29.44 Market Cap 23,953,573,660 Average Volume 13,166,044 Dividend Yield 0.83% Institutional Ownership 95.10% Insider Ownership: 0.70% Percentage of Float Short 3.20% Beta 1.48

Delta Air Lines, Inc. operates as an airline, providing scheduled air transportation for passengers and cargo throughout the United States and around the world.

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