It has been just over 2 years since the merger closed. On the first day of trading post-merger, UAL closed at 24.70. A month later UAL traded above 29. Most of the time UAL has traded below 24.70 since the merger. I’m not the best on technicals but I’m thinking the stock is going to consolidate in the 25 range before going much higher near term.
bullish78, it has consolidated many times in the 25 range. We are entering high traveling season now as the weather is getting much nicer for Spring. Don't miss the big win for $29 to $30 this summer. :-) I have been holding this stock through a lot of ups and downs and continuing to have my great faith and confidence that someday you will see UAL to $48 again just like in 2007!
Mid twenties appears to be a significant point of resistance. This is what I was expecting. S & P still only has price target of $26. This stock needs to consolidate before it goes higher.
Yesterday's earnings call was about merger woes. Lost revenue and increased costs. DAL is past the point of pain and achieving results, now trading 42% higher than UAL in market cap. If UAL could achieve what DAL has, UAL would trade at $35. I think it will get there but it is going to take time.