American Airlines (AAL) hits trend line again...

Rick Pendergraft

published in Blogs

Jun 20, 2019

American Airlines (AAL) hits trend line again, gets another bearish signal

Back on May 8, I wrote a bearish article on American Airlines (NYSE: AAL). I cited a downward sloped trend line, a bearish crossover from the daily stochastic readings, and a bearish signal from the Tickeron Trend Prediction Engine as the reasons for the bearish posture.

The stock was trading just under $34 at the time of that blog entry and it would eventually fall to $27. The stock has since rallied back, but it is running into the same downward sloped trend line again.

We see that the daily stochastic readings just made a bearish crossover, just as they did in early May. The Tickeron Trend Prediction Engine just generated another bearish signal as well. This signal came on June 17 and it showed a confidence level of 69%. Previous predictions on American Airlines have been successful 79% of the time. This signal calls for a decline of at least 4% over the next month.

American’s fundamentals are part of the reason for the downward trend. The company’s earnings have declined by 18% per year over the last three years. Earnings fell by 30% in the most recent quarter. Sales have barely increased at all, increasing by only 4% per year.

The company’s return on equity is neutral right now and the profit margin is below average at 6.3%.

Related Tickers: AAL

Sergey Savastiouk

published in Blogs

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If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.

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published in Blogs

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Sergey Savastiouk

published in Blogs

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published in Blogs

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published in Blogs

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Sergey Savastiouk

published in Blogs

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Abhoy Sarkar

published in Blogs

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published in Blogs

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published in Blogs

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Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.

Abhoy Sarkar

published in Blogs

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US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate. Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.