Southwest, Spirit Lead 7 Airliners to New Altitudes

NEW YORK (TheStreet) –- The seven airline companies profiled here reported their quarterly results late last month, and six of them beat analysts' earnings-per-share estimates.

JetBlue (JBLU) matched estimates, and the stock set a multiyear intraday high at $11.59 following its report on July 24. It's up 34% year to date.

The largest earnings beat was posted by United Continental (UAL), which also reported on July 24. The airline set a multiyear high at $49.28 that day, but slipped to a lower altitude, testing its 200-day simple moving average at $42.21 on Friday. The stock has the smallest year-to-date increase of the seven stocks, with a gain of 14%.

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Each of the other five airliners has ascended to all-time highs in 2014. Southwest Airlines  (LUV) set an all-time intraday high at $29.70 on July 25 after it reported earnings that topped estimates on July 24.

Spirit Airlines (SAVE) set an all-time intraday high at $70 after reporting higher-than-expected earnings on July 29. Southwest and Spirit have gains of 50% and 46% year to date, respectively, the best gainers among the seven profiled today.

Alaska Air (ALK), Delta (DAL) and Hawaiian Holdings (HA) set their all-time highs between June 3 and June 9 at $50.49, $42.65 and $16.49, respectively, with year-to-date gains of 18%, 31% and 44%, respectively.

Here are the post-earnings profiles for seven airlines. Two “crunching the numbers” tables follow.

Alaska Air ($43.21) set its all-time high at $50.49 on June 3, and fell after it reported on July 24 earnings that topped analysts' estimates. The stock fell as low as $41.84 on Friday, before closing above its 200-day simple moving average at $43.01.

The weekly chart is negative with its five-week modified moving average at $46.33 in a pattern that shows a parabolic bubble popping. Semiannual and annual value levels are $37.98 and $26.40, respectively, with weekly and quarterly risky levels at $45.95 and $50.05, respectively.  

Delta ($36.24) set its all-time high at $42.65 on June 5, and hit an air pocket on July 24 after it reported earnings that topped estimates on July 23. The low of $34.59 on Friday is above its 200-day SMA at $33.58.

The weekly chart is negative with its five-week MMA $37.67 as another stock-specific bubble appears to be popping. Weekly and semiannual value levels are $33.64 and $28.79, respectively, with quarterly and monthly risky levels at $39.14 and $42.04, respectively.   

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