Tuesday, April 12, 2011

Markets look shaky, commodities scary...What to buy in this market? Probably Airlines stocks

Oil showed a remarkable turn around on Monday. Markets are also shaky a bit but many Airline stocks showed strong reversal signals as per Profit From Prices method.

You can consider these stocks for investment at currrent prices.
AMR has the strongest signal- REVERSE Buy
LCC and DAL also had U TURN signals with good jump in volume

As always, do your homework. We just try to include here what we are considering ourselves.
(FYI: Check the earnings projections for airline stocks. Even when Oil is so expensive, most of them are expected to earn $1 or more. P/E looks pretty reasonable at these prices.)