According to London-based financial website StockCall the overall outlook for airline companies such as Delta Air Lines Inc. (NYSE: DAL), Southwest Airlines Co. (NYSE: LUV), JetBlue Airways Corp. (NASDAQ: JBLU), Gol Linhas Aereas Inteligentes SA (NYSE: GOL) and Spirit Airlines Inc. (NASDAQ: SAVE) looks positive.
Last Thursday, airline stocks ended mostly higher, tracking gains in the broad market. Shares of Delta Air Lines Inc. rose sharply in Thursday's trading session, closing 1.47% higher at USD 15.90 on volume of 6.44m. The stock rose to an intra-day high of USD 15.93 in yesterday's session. The airline company's shares have had an excellent run in 2013, gaining nearly 34%. The stock has recently broken through USD 15 resistance level, which is a strong bullish signal. The bullish trend is further confirmed by the recent volume activity and stock's MACD chart. Shares of Southwest Airlines Co. posted modest gains in Thursday's trading session. The stock closed 0.33% higher at USD 12.09 on volume of 6.67m. The company's shares are currently hovering around their 52-week high of USD 12.20. Year-to-date, the stock has gained more than 18%, easily outperforming the broad market. Southwest Airlines shares recently broke through USD 11.75 resistance level, which is a bullish signal. The stock's MACD is currently trading above the signal line and the zero-line, which further confirms the bullish trend. Shares of JetBlue Airways Corp. are currently trading close to their 52-week high of USD 6.47. On Thursday, the stock closed 0.63% higher at USD 6.42 on volume of 1.90m .Year-to-date, JetBlue Airways shares have gained more than 12%, outperforming the S&P 500. The regional airliner's shares are currently trading above their 50-day and 200-day moving averages. This is a bullish signal. The bullish trend is further confirmed by the stock's MACD chart and recent volume activity. Shares of Brazil-based Gol Linhas Aereas Intelligentes SA rallied in Thursday's trading session. The stock closed 6.05% higher at USD 7.36 on above average volume of 5.95 m . In the last three trading sessions, the company's shares have gained more than 9%. Year-to-date, the stock has gained more than 12%. Gol Linhas Aereas shares are currently trading above their 50-day and 200-day moving averages. Find out more at www.stockcall.com.
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