Airlines sector drops 25.9 points or 0.5% to 5,462.5, trailing 71.3% of market December 28, 2011

SECTORS

The Airlines sector dropped 25.9 points or 0.5% to 5,462.5.

The Sector fell for a second day on Wednesday, a 2-day fall of 1.1%.

In the global market of top 5000 stocks by MCap, 54 sectors and 77 indices, the Sector has a 6-month relative strength of 28.7 indicating it is trailing 71.3% of the market. (Rank 3629 out of 5111)

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PRICE VOLUME DYNAMICS

Volatility: the Sector traded between an eight-day low of 5,408.4 and a high of 5,532.2. Intraday volatility (highest price minus lowest price/lowest price) of 2.3% was 0.8 times average daily volatility of 2.9%.

Moving Average (MA): the Sector value to 200-day moving average ratio is 0.86, a bearish indicator.

In the past 200 days this ratio has been under 0.86 sixty-three times suggesting further downside.

The Sector is trading below both its 200-day MA and the 50-day MA. Further, the 50-day MA of 5,628.8 is lower than the 200-day MA of 6,369.3, a bearish indicator.

The 200-day MA has decreased to 6,369.3, another bearish indicator.

Relativities: today its percentile rank in the world's market was 51.8. (Rank 2064 out of 5111)

Price Dynamics: the Sector is at a discount of 36.7% to the 52-week high of 8,634.0 and a premium of 3.0% to the 52-week low of 5,304.7.

Volume and Turnover Period: the average turnover rate of the Sector is 161.3% or an average holding period of 7 months.

SHAREHOLDER RETURNS

Trailing One Week: the value of US$1,000 invested a week ago is US$995 [vs US$1,004 for the Dow Jones Industrial index] for a capital loss of US$5.

Trailing One Month: the value of US$1,000 invested a month ago is US$997 [vs US$1,060 for the Dow Jones Industrial index] including a capital loss of US$3 and dividend reinvested of US$1.

Trailing One Year: the value of US$1,000 invested a year ago is US$671 [vs US$1,082 for the Dow Jones Industrial index] including a capital loss of US$332 and dividend reinvested of US$5.

RELATIVE VALUATION INDICATORS [RVI]

AIRLINES SECTOR vs DOW JONES INDUSTRIAL INDEX [DOW JONES INDUSTRIAL INDEX Average in Brackets]

Better than DOW JONES INDUSTRIAL INDEX Average: P/E of 9.4 [13.6].

Worse than DOW JONES INDUSTRIAL INDEX Average: Return on Equity of 11.4% [15.2%]; Return on Assets of 2.8% [3.2%]; Debt to Equity of 1.8 [0.9]; Total Liabilities/EBITDA of 39.6 [6.0]; Yield of 1.7% [2.8%].

BULLISH SIGNALS FROM TOP THREE RANKED STOCKS (VI or Volume Index in brackets; 1 is average)

[Ranked from the top three out of 34 stocks in sector; sector average in brackets]

Copa Holdings Class A (CPA.N) strengthened 0.4% in strong trading with open interest rising 2.0% to close at US$59.85.

Among the heavyweights, the highest rise in MCap, which had the most influence on the index, took place in Malaysia Airports Holdings Bhd (5014.KL) where MCap rose MYR341 million or US$107.7 million. 5-day price rise of 8.2% [2nd; -0.5%]. Yield of 4.7% [3rd; 1.7%]. .

China Airlines (2610.TW) surged 9.1% in the past week to close at TWD13.25.

JetBlue Airways (JBLU.O) soared 40.2% in the past month to US$5.16.

Alaska Air Group (ALK.N) soared 17.4% in the past month to US$74.85.

Airports Of Thailand (AOT.TH) rose 25.0 satang (or 0.6%) to close at THB44.50; its six-month relative strength of 98 is the highest among rising stocks.

AirAsia Bhd (5099.KL) rose 2.0 sen (or 0.5%) to close at MYR3.75; its six-month relative strength of 84 is the second highest among rising stocks. The stock rose for a second day, a two-day rise of 1.4%. Price/Earnings/Growth of 0.1.

The stock with the lowest P/E (trailing 12 months) in the index is China Southern Airlines (01055.HK) at HKD3.93, with a P/E of 1.5 times [1st, 9.4].

The highest yielding stock (trailing 12 months) in the index is Cathay Pacific Airways (00293.HK) at HKD13.20, yielding 7.3% [1st, 1.7%]. .

Among stocks in significant uptrend the rise was the highest in International Consolidated Airlines Group (IAG.L) adding GBX1.10 (or 0.7%) to close at GBX151.20 (up 6.8% for week and 13.0% for month). 5-day price rise of 6.8% [3rd; -0.5%].

United Continental Holdings (UAL.N) soared 14.3% in the past month to US$18.95.

BEARISH SIGNALS FROM BOTTOM THREE RANKED STOCKS (VI or Volume Index in brackets; 1 is average)

[Ranked from the bottom three out of 34 stocks in sector; sector average in brackets]

Among the heavyweights, the steepest fall in MCap took place in All Nippon Airways (9202.TO) where Mcap fell JPY7.6 billion or US$97 million. 1-day price fall of 1.4% [1st; -0.5%]. The stock fell for a fourth day, a four-day fall of 4.1%. Price/Earnings of 22.97 [3rd; 9.4].

Asiana Airlines (A020560.KS) slid 5.1% in the past week to close at KRW6,350.0.

Sydney Airport (SYD.AU) crashed 19.6% in the past month to $2.71.

SAS (SAS.STp) crashed 14.0% in the past month to SEK7.65.

Singapore Airlines (C6L.SI) dipped 3.0c (or 0.3%) to close at SGD10.18; its six-month relative strength is 25 which means it is trailing 75% of stocks.

Lan Airlines (LAN.SN) had the steepest fall, reducing 0.2% on thin volume for a fourth consecutive day, a four-day fall of 1.2% to CLP12,249.0.

Among stocks in significant downtrend the fall was the steepest in Turk Hava Yollari AO (THYAO.IS) diminishing 5.0 kurus (or 2.3%) to close at TRY2.15 (down 4.0% for week and 8.5% for month).

Sinotrans Air Transportation Development (600270.SS) crashed 11.4% in the past month to CNY5.91.

DESCRIPTION

The sector comprises 34 stocks. Total MCap of the Airlines sector was US$122.7 billion on December 28.

Currency Conversion: US Dollar USD1= US$1.0 [or US$1= USD1.0]. US$1 = 100c.

Source: www.BuySellSignals.com