24.03.2015 - Shares of American Airlines Group were unable to overcome the local maximum

The stock price of American Airlines Group was not able to break through the level of local maximum at 56.00 and started to correct downwards. In the near future quotations may go down to the nearest support at 52.00. In case of continued reduction and fixation below 46.00, we recommend to open short positions with the potential fall to 33.85 and 28.50. To continue the growth with potential of reaching 60.00, the price must overcome a mark of 56.00. We expect the resumption of upside movement, but we recommend wait for a signal to open positions.

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