Airlines continue to show relative strength and upside leadership. First, the Airline Index ($XAL) is challenging its April high with a big move on Tuesday. A break would forge a new 52-week high. Second, the price relative broke out in late May and recorded a new high this week.
Click this image for details.
About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
Learn More
