NEW YORK ( TheStreet) -- Airline stocks have been flying high in the sky so far in 2013. Today I profile 11 airlines and nine of them report quarterly results next week. All are flying well above their 200-day simple moving averages, which reflects the risk of a reversion to the mean particularly given that three are rated hold and eight are rated sell according to ValuEngine.All 11 airline stocks are overvalued, seven by more than 20%. Ten of 11 are flying higher by double-digit percentages over the last 12 months except one, which is down by less than 5%. Nine are higher by 26.1% to 114.2%. All are projected to be at lower altitudes 12 months from now.
Book Profits on Airlines Pre-Earnings
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