Following today's breakdown below this uptrend line, SKYW SkyWest Airlines) is poised to continue its descent along with the rest of the airline sector. Horizontal lines mark potential targets/resistance levels. SKYW daily June 8th As I've already recently added seven airline stocks as Active Short Trade ideas, SKYW won't be added as an [...]
The following short trades will be moved to the Completed Trades category. Some of these trades were profitable, hitting a price target before bouncing while others were stopped out for a loss. In in effort to streamline the number of Active Trades on the site, I plan to continue removing any trades that no longer [...]
The SKYW short setup has triggered an entry on the break below the descending triangle pattern today. The price targets have been added to this updated daily chart. Suggest stop on a daily close above the pattern (blue downtrend line).
For those looking for some short-side trade candidates, including hedges to a portfolio of longs, the Airline Sector continues to offer some of the most attractive technical setups at this time. This first string of charts below are the daily and weekly charts of several key airline sectors with clear annotations as to my take [...]