Virgin America (VA) Stock May Finally Be Ready to Leave the Gate
We would look to go long Virgin America (VA) on a $39 buy-stop using a $34 sell-stop.
NEW YORK (TheStreet) -- The Virgin name can be found on a host of businesses, but the chart of Virgin America (VA) has our attention this morning with a saucer bottom on the chart below.
The above chart of VA shows a rising On-Balance-Volume (OBV) line from the July price low. VA is above the 50-day and 200-day moving averages. The slope of the 50-day average is positive/bullish and the slope of the 200-day is flat but could soon turn up.
We would look to go long VA on a $39 buy-stop using a $34 sell-stop.
Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.
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