Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Melanie Schaffer

Why American Airlines Could Fly 50% Higher Due To This Bullish Pattern

American Airlines Group, Inc (NASDAQ:AAL) flew up more than 10% higher at one point on Wednesday, after breaking up bullishly from an inverted head-and-shoulders pattern on the daily chart.

An inverted head-and-shoulder pattern can be either a powerful reversal indicator when found at the bottom of a downtrend or a continuation pattern found in an uptrend.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.