Is The Hyperloop Behind The Intra-day Airline Stock Plunge?
This morning, the leading airline stocks are trading slightly higher at the start of trading session. The airline stocks have showed good relative strength since December 2012 when this sector broke out on the charts. At this time, the airline stocks look to be range bound. Should this industry group begin to consolidate further on the daily charts they could be building a base to trade higher. Traders that want to track the entire sector can follow the Guggenheim Airline ETF (NYSEARCA:FAA). Currently, the FAA is trading into a double top on the weekly charts, so without consolidation on the charts the airline stocks will likely be range bound in the near term. ...
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