This morning, all of the leading airline stocks are declining lower after more Ebola cases are being discovered. Air travel has been cited as one of the main ways that the disease has been spreading from one country to another. Today, leading airline stock American Airlines Group Inc (NASDAQ:AAL) is trading lower by 0.38 cents to $34.55 a share. Swing traders and investors must now watch the stock for a possible decline into the $30.00 level. This is an area where the stock broke out to new highs in January 2014. Often when an equity pulls back it will retest its prior break-out level before being defended by the institutional money. In the near term, traders should expect the airline stocks to be very volatile.
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Nick SantiagoChief Market Strategist
www.InTheMoneyStocks.coma
