The Chart of the Day belongs to the airline American Airlines (AAL) I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 5/9 the stock gained 27.16%.
American Airlines Group Inc., through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C., as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo. As of December 31, 2022, it operated a mainline fleet of 925 aircraft. The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc. in December 2013. American Airlines Group Inc. was founded in 1926 and is headquartered in Fort Worth, Texas.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 42.48+ Weighted Alpha
- 32.60% gain in the last year
- Trend Seeker buy signal
- Above its 20, 50 and 100 day moving averages
- 13 new highs and up 24.27% in the last month
- Relative Strength Index 83.60%
- Technical support level at $17.84
- Recently traded at $18.31 with 50 day moving average of $15.10
Fundamental Factors:
- Market Cap $11.81 billion
- P/E 6.72
- Revenue projected to grow by 7.70% this year and increase again by 3.90% next year
- Earnings estimated to increase by 490.00% this year, increase an additional 10.50% next year and continue to compound at an annual rate of 109.96% for the next 5 years
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analyst gave 3 strong buy, 1 buy, 15 hold and 2 sell opinions on the stock
- Analysts price targets are between $11 and $29 - with a consensus of $17.44 - which is lower than today's close
- The individual investors on Motley Fool are high on the stock and voted 725 to 353 for the stock to beat the market with the more experienced investors voting 98 to 60 for the same result
- Value Line rates the stock its average rating of 3 but has an 18 month price target of $27 for a 50% gain
- CFRAs MarketScope rates it a 3 star hold with a 12 month price target of $15 - lower than today's close
- 142,060 investors monitor the stock on Seeking Alpha
Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in the next 72 hours.
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
