Pivot: A level between a value level and risky level that should be a magnet during the time frame noted.

Risky Level: Price at which to enter a GTC limit order to sell on strength.

Alaska Air ( ALK) ($61.07) set a multi-year high at $68.00 on May 8 and then traded as low as $50.31 on June 24. My quarterly value level is $51.00 with a semiannual pivot at $62.62 and monthly risky level at $66.19.

Delta Air ( DAL) ($19.44) set a multi-year high at $19.73 on July 1. My weekly value level is $18.96 with a semiannual pivot at $19.37 and monthly risky level at $21.28.

Hawaiian Air ( HA) ($6.43) set a multi-year high at $7.30 back on Jan. 7 and its year to date low is $5.18 on April 24. My monthly value level is $6.00 with a semiannual pivot at $6.22 and semiannual risky level at $6.60.

JetBlue ( JBLU) ($6.48) set a multi-year high at $7.28 on April 15 then held its 200-day SMA on June 24. My weekly value level is $6.21 with a monthly risky level at $7.00.

US Airways ( LCC) ($17.76) set a multi-year high at $19.70 on May 17 and traded as low as $15.59 on June 24. My weekly value level is $15.31 with a monthly risky level at $18.57.

Southwest Air ( LUV) ($13.48) set a multi-year high at $14.56 on May 21 and traded as low as $12.58 on July 3. My weekly value level is $12.79 with a semiannual risky level at $15.66.

Republic Airway ( RJET) ($11.95) set a multi-year high at $11.98 on July 15 after being as low as $9.56 on June 6. My weekly value level is $11.08 with a monthly risky level at $14.31.

Ryanair ( RYAAY) ($52.15) set a multi-year high at $54.17 on July 1. My quarterly value level is $44.36 with a monthly pivot at $52.95 and weekly risky level at $56.34.

Spirit Airlines ( SAVE) ($33.94) set a multi-year high at $34.22 on July 12. My monthly value level is $31.23 with a weekly risky level at $35.27.

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