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American Airlines Shows Rising Relative Strength; Is Air Travel Back?

INVESTOR'S BUSINESS DAILY
·1 min read
American Airlines Shows Rising Relative Strength; Is Air Travel Back?
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On Wednesday, American Airlines cleared a noteworthy technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 79 the day before. Is AAL stock a good buy as the Covid-19 vaccine rollout starts and the Boeing 737 Max takes to the air again? American Airlines is now considered extended and out of buy range after clearing an 18.73 buy point in a first-stage cup without handle.