15.02.2016 - We forecast a drop of American Airlines Group shares to 35.00
Price of American Airlines Group shares showed strong growth after rebounded from the psychologically important level of 35.00 and the lower boundary of the local descending channel. Currently quotes approached the resistance at 38.00 and the upper boundary of the channel. Fixing the prices given levels will continue to rise to 41,00 and 44,00. At the moment, there is a high probability of continued decline within the channel. Our short-term outlook is negative, and we recommend to open short positions with a stop above 38.00 and the first target at 35.00.