Leading Airline Stocks Form Bases

By | September 2, 2014

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With the market in a confirmed uptrend, investors should be looking for top-rated stocks in highly rated industry groups. The Transportation-Airline group, ranked No. 39 in Monday’s IBD, has a few leading stocks forming bases. That’s up from No. 45 three weeks ago. Delta Air Lines (DAL) owns a 93 Composite Rating. The stock has formed a double-bottom base with a 40.87 handle buy point. The base is a fourth-stage structure, which is generally a Scalper1 News

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