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U.S. Airways Group(LCC), through its subsidiaries, provides air transportation for passengers and cargo. This stock is trading up 5.5% at $5.48 in recent trading.
Today's Range: $5.25-$5.50
52-Week Range: $3.96-$11.56
Volume: 3.6 million
Three-Month Average Volume: 6.9 million
The airline sector is catching a bid today after
Delta Air Lines (DAL) updated its guidance ahead of an investor meeting. The airline said it expects to earn $800 million in fiscal 2011.
From a technical standpoint, LCC has started to move back above its 50-day moving average of $5.26 on decent volume. Market players should now watch for the next upside trade to trigger if LCC can manage to breakout above some near-term overhead resistance levels.
Watch for a move above $5.81 and then $6.08 on high volume to trigger more upside for LCC. Watch for volume that registers near or above 6.9 million shares if those levels get taken out in the near future.
U.S. Airways, one of
David Tepper's top holdings, shows up on recent lists of
10 Top Stocks Under $5 for 2012 Picked by Analysts and
Stocks Selling Below Cash per Share.