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After Yesterday's Decline of 1.86%, US Airways Group Offers Investors Better Value
Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) --
US Airways Group (NYSE:LCC) traded in a range yesterday that spanned from a low of $8.89 to a high of $9.25. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $8.60 on volume of 7.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
SmarTrend recommended that subscribers consider buying shares of US Airways Group on January 20th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.39. Since that recommendation, shares of US Airways Group have risen 43.8%. We continue to monitor LCC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Over the past year, US Airways Group has traded in a range of $3.96 to $10.35 and is now at $9.01, 128% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 4.3% while the 200-day MA has remained constant.
Write to Chip Brian at cbrian@mysmartrend.com
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