Southwest, Spirit Lead 7 Airliners to New Altitudes
NEW YORK (TheStreet) –- The seven airline companies profiled here reported their quarterly results late last month, and six of them beat analysts' earnings-per-share estimates.
The largest earnings beat was posted by United Continental
Each of the other five airliners has ascended to all-time highs in 2014. Southwest Airlines
Here are the post-earnings profiles for seven airlines. Two “crunching the numbers” tables follow.
Alaska Air ($43.21) set its all-time high at $50.49 on June 3, and fell after it reported on July 24 earnings that topped analysts' estimates. The stock fell as low as $41.84 on Friday, before closing above its 200-day simple moving average at $43.01.
The weekly chart is negative with its five-week modified moving average at $46.33 in a pattern that shows a parabolic bubble popping. Semiannual and annual value levels are $37.98 and $26.40, respectively, with weekly and quarterly risky levels at $45.95 and $50.05, respectively.
Delta ($36.24) set its all-time high at $42.65 on June 5, and hit an air pocket on July 24 after it reported earnings that topped estimates on July 23. The low of $34.59 on Friday is above its 200-day SMA at $33.58.
The weekly chart is negative with its five-week MMA $37.67 as another stock-specific bubble appears to be popping. Weekly and semiannual value levels are $33.64 and $28.79, respectively, with quarterly and monthly risky levels at $39.14 and $42.04, respectively.