Tuesday, January 5, 2010

Airlines Takeoff

A few weeks ago I pointed out that bullish patterns where forming across the airline sector. Today many of the airlines were showing great strength and made big moves. Below are a few examples of airlines that were on the move today.

CAL found support on its 20MA and gapped up and opened near the top of its range.

UAUA broke out of its range then had a bullish pullback.

ALK pulled back to its 20MA where it found support and was a tag and go.

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