Some of the airlines are in base chart patterns. For novices, bases are trading ranges where the stock price doesn't move that much. Sometimes a base can lead to a powerful advance. AMR American Airlines and LCC USAir are two stocks that I am tracking. BAB British Air has broken out from its base and is extended.
The fundamentals are not there for investors who look for earnings and a strong balance sheet. The major domestic airlines remain inconsistent on earnings with relatively weak balance sheets. However, the technicals are lining up for takeoff.
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