Following a much-needed but tenuous Iran peace deal, tensions are again rising in the region. Over the weekend, the New York Times reported that the Iranian navy attacked a container ship in the Strait of Hormuz while also threatening to close the critical waterway. With U.S. forces launching a strike in response, the situation for Delta Air Lines (DAL) appears unfavorable.
Yes, DAL stock currently carries an 88% Strong Buy rating from Barchart’s Technical Opinion indicator. However, there may be early signs that the positive inertia of the security may be fading. For example, it’s true that Delta has gained nearly 26% on a year-to-date basis. It’s also true, though, that it’s down more than 6% in the trailing five sessions.
