Stock Update on Airline Stocks (AMR, LUV, LCC)
Airline Stocks on Tuesday.
Dallas, Tx - Stock price of AMR Corporation (NYSE: AMR) was trading flat since the opening bell. The stock touched an intraday low of $6.57 and an intraday high of $6.80. The stock is trading with a volume of 3.8 million shares on the exchange compared to an average volume of 11 million shares on the exchange. In last one year the stock touched a high of $10.50 and a low of $4.06. The stock of the company is trading below its 50-day and its 200-day moving average of $7.40 and $7.66 which are the strong resistance point which stock needs to cross to have strong uptrend. The company has a subsidiary called American Airline Corp which operates in airline industry. It provides scheduled jet services to 160 destinations throughout the 5 major continents. Last checked the stock was unchanged and trading at $6.74.
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Stock price of Southwest Airline Company (NYSE: LUV) was down by $0.43% or 5 cents in the afternoon trade and was trading at $11.46. The stock is trading with a volume of 3.76 million shares compared to an average volume of 7.85 million shares on the exchange. The stock touched an intraday low of $11.22 and an intraday high of $11.48. The company is slated to release its Q2 earnings on July 29, 2010. Analysts are quite bullish on the sector and according to the estimates US airlines will report an accumulated $1.77 billion in net profits on $31.5 billion in revenues. The stock is currently trading below its 50-day moving average of $12.06 and above its 200-day moving average of $11.44 which is a strong support level.
Stock price of US Airways Group, Inc (NYSE: LCC) was up 2.44% or 21 cents in the afternoon trade and was trading at $8.82. The stock witnessed an intraday low of $8.50 and an intraday high of $8.93.The stock is trading with a volume of 3.42 million shares on the exchange compared to an average volume of 9 million shares on the exchange. In last one year the stock touched a high of $10.87 and a low of $2.04. In last day's trade the stock traded below its 50-day moving average which is a bearish signal for the investors in the market.
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