Delta Air Lines (DAL) closed its latest trading session in positive territory, successfully breaking above the key resistance level at $86.00. The advance was supported by the stock's continued position above its 50-day Simple Moving Average (SMA), alongside persistent bullish signals from momentum indicators, despite their presence in extremely overbought territory. These developments come amid the firm dominance of the primary short-term uptrend, with price action continuing to follow an ascending trendline that reinforces this bullish trajectory.
Therefore, our outlook remains bullish for the stock's upcoming trading sessions, particularly as long as it remains above $86.00. Under this scenario, the stock is expected to target the next resistance level at $95.50.
Today's price forecast: Bullish.
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