US Airways Flying Sky High

U.S. Airway Flying Sky High

One of the most impressive sectors in the Last 20 days has been Industrial sector, and more impressive the sub-sector of Airlines. One stock in particular that sticks out is US Airways (NYSE : LCC) which is up more than 70% in the last 20 days. In the beginning of September, this was a $3 dollar stock, and is now trading at $5.37. They’ve made it to an interesting point on the chart where they are hardly above their first level of resistance. Keep a close eye on this stock because if it keeps trading above $5 or at least consolidates above $5, there is a good chance that U.S. Airways (NYSE : LCC) can run up to $7. Now I must say that it takes a certain type of investor / trader to buy and hold any airline stock as they have become extremely volatile. Whatever you decided to do, long or short, I caution of the risk that lay ahead of you as well of the reward that compliments your technical entry and risk management.

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