.

  • Swing Trade Idea (UAL) -January 17, 2023

    Our bullish trade for Tuesday, January 17th is United Airlines Holdings Inc. (UAL). UAL is part of the Industrial Sector, which has performed at 1.30% over the last month, with UAL overperforming relative to its sector at 25.46% over the same period.

    UAL rallied into a long-term key area of $50. As UAL is showing signs of exhaustion following multi-month bullishness, this underscores our counter-trend thesis on this trade.

    As a stop loss, if UAL were to trade above $52 for multiple days, this would invalidate our analysis and we would consider cutting losses on the trade. We also would consider cutting losses on this options trade if the value of the vertical spread moves below $0.89.

0 comment
Top