|Bid||23.41 x 1000|
|Ask||23.43 x 3200|
|Day's Range||23.25 - 23.67|
|52 Week Range||8.25 - 26.09|
|Beta (5Y Monthly)||1.93|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 04, 2020|
|1y Target Est||N/A|
SPDR S&P500 (NYSE: SPY) hit a new all-time high of $411.67 Friday following a ramp-up into earnings season and rotation back into tech stocks. Following multi-week consolidation periods, these three stocks look bullish going into the week. American Airlines Group Inc (NASDAQ: AAL) looks to be completing a bullish inverted head-and-shoulder pattern above support at $22.58 on the daily chart. On March 18 American Airlines’ stock rejected and wicked off the bottom of a gap left from its Feb. 24, 2020, gap down caused by the pandemic news. Bulls want to see the stock react to the inverted head-and-shoulder pattern and break up above the descending trendline. If American Airlines’ stock can break above the descending trendline, it has room to fill the gap and trade in the $27 range, which is in line with its pre-pandemic share prices. Royal Caribbean Group’s (NYSE: RCL) stock, like American Airlines, looks to be completing an inverted head-and-shoulder pattern above support at $85.07 and is also trading above the descending trendline, which had been holding it down since Feb. 23. Bulls want to see Royal Caribbean’s stock react to the inverted head-and-shoulder pattern and jump up to fill the overhead gap around $105. This would bring its share price back to pre-pandemic levels. Bears want to see it trend down and follow the descending trendline until it loses support at the $85 mark. Virgin Galactic Holdings Inc’s (NYSE: SPCE) stock had been trending downward since making a new all-time high of $62.80 on Feb. 4. On March 25, Virgin Galactic stock reversed trend, however, and put in a daily higher low but has since settled into a bearish descending triangle with an apex of April 21. Virgin Galactic’s stock has been repeatedly testing the descending trendline holding it down, and bulls want to see the stock break up over it. If the stock can break through the descending trendline, it has room to move up to its next resistance at $34.60. If it busts through that, Virgin Galactic’s stock can move up further to fill the gap in the $39 to $41 range. With Virgin Galactic’s next test flight expected in May, positive sentiment may help the stock make a bullish move up. Bears want to see Virgin Galactic stock trade in the descending triangle until it loses support at $27.55. AAL, RCL and SPCE Price Action: Shares of American Airlines closed flat at $23.54 Friday. Royal Caribbean shares closed flat at $89.88, and Virgin Galactic shares closed flat at $29.28. Photo courtesy American Airlines. See more from BenzingaClick here for options trades from BenzingaVirgin Galactic Unveils Its Imagine SpaceshipThese Options Traders Think Virgin Galactic Stock May Skyrocket© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
One of the most common questions traders have about stocks is “Why Is It Moving?” That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving. Here’s the latest news and updates for American Airlines, Carnival, Tesla and GE. Traders and investors should take note that American Airlines Group Inc (NASDAQ: AAL) announced it will webcast a live audio feed of its first-quarter 2021 financial results conference call with financial analysts and journalists on Thursday, April 22, at 7:30 a.m. CDT. American Airlines says the webcast will be available on a listen-only basis here. Tesla Inc (NASDAQ: TSLA) traders and investors should mark their calendars: The EV-maker announced Friday it will post its financial results for the first quarter of 2021 after market close on Monday, April 26, 2021. Tesla said management will hold a live question and answer webcast that day at 2:30 p.m. PT (5:30 p.m. ET) to discuss the company’s financial and business results and outlook. Traders and investors can watch the earnings webcast here. Credit Suisse analyst Benjamin Chaiken upgraded Carnival Corp (NYSE: CCL) Friday from Neutral to Outperform and raised the price target from $18 to $40. Argus Research analyst John Staszak also upgraded Carnival from Hold to Buy and announced a $33 price target. Shares of Carnival closed higher Friday by 2.59% at $29.30. UBS reiterated its Buy rating on General Electric Company (NYSE: GE) Friday and raised the price target from $15 to $17. Shares of GE closed higher Friday by 1.12% at $13.60. Photo by Chuck Miller on Flickr. See more from BenzingaClick here for options trades from BenzingaMarkets Close At New All-Time Highs Yet AgainWhat's Going On With GE Stock And Apple Stock Today?© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Yahoo Finance’s Myles Udland, Brian Sozzi, and Julie Hyman discuss eye-popping data in the coming months amid economic recovery.