Chart Of The Day: How To Trade Delta Airline’s Underperformance –

chart, delta, dma, selloff, nasdaq,
Middle East

Chart Of The Day: How To Trade Delta Airline’s Underperformance –

Delta Air Lines (NYSE:) suffered its largest daily selloff in a year yesterday and was the worst performer on the Index. Even though the company beat expectations, it warned that the dramatic surge in jet fuel prices will likely hit next quarter’s profits. As the first major airline to report earnings, Delta has given investors a preview to the sector. Goldman Sachs suggested as much, downgrading JetBlue Airways (NASDAQ:) and American Airlines (NASDAQ:), citing the broader sector and placing rising fuel costs as the first of headwinds. Our study of the price chart suggests potential technical pressure on Delta’s stock.Delta’s stock may have completed an imperfect, small H&S top, but the volume accompanying yesterday’s selloff, the highest in exactly three months, makes the downside breakout significant.Note how the major moving averages spread on the chart. The 200-DMA cuts through the price action amid the reversal pattern. The 100-DMA forms the neckline, and the 50-DMA provided support to Wednesday’s downside break.The RSI suggests the price may cut through its uptrend line, after the RSI did so. The MACD’s short MA crossed below the long MA, triggering a sell signal. Now, let’s take a step

What is the ‘delta plus’ variant of the coronavirus? – The Peninsula Qatar

Tech Talk: Facebook plans to change its name, says The Verge – Gulf Digital News

Gulf tensions: Saudi Arabia flexes its economic muscles

John Cena stars in action-packed Abu Dhabi tourism campaign: ‘I wish you could see this’ – The National