Technical Break-Outs in Airlines Occurring

The chart below is self-explanatory – various airline indices are clearing some noteworthy resistance with their push higher this week.

We discussed the potential for this just a few days ago right here.

Depending on which index you’re looking at, the group likely has anywhere from ~13%-35% more upside, so long as crude prices remain in check.

2012-12-12 Airlines - Weekly

 

Advertisements