{"id":51388,"date":"2022-06-15T05:53:10","date_gmt":"2022-06-15T05:53:10","guid":{"rendered":"https:\/\/harchi90.com\/american-airlines-bulls-bears-battle-over-this-level-where-will-the-stock-land\/"},"modified":"2022-06-15T05:53:10","modified_gmt":"2022-06-15T05:53:10","slug":"american-airlines-bulls-bears-battle-over-this-level-where-will-the-stock-land","status":"publish","type":"post","link":"https:\/\/harchi90.com\/american-airlines-bulls-bears-battle-over-this-level-where-will-the-stock-land\/","title":{"rendered":"American Airlines Bulls, Bears Battle Over This Level: Where Will The Stock Land?"},"content":{"rendered":"
American Airlines Group, Inc<\/strong> AAL<\/span> was falling more than 2% on Tuesday after declining 20% \u200b\u200bbetween June 7 and Monday.<\/p>\n On Tuesday, the airline announced about 4,500 pilots at three of its regional carriers, Envoy, Piedmont and PSA airlines, would receive large pay increases, with new pilots starting at as much as $ 90 per hour. American, like many other airlines, has suffered a pilot shortage, causing many of its planes to sit parked, despite a huge demand for travel.<\/p>\n The deal, which was ratified without a vote due to huge support from American Airlines’ union executive board, means pilots early in their career will start with an annual salary of about $ 90,000 compared to just $ 18,000 per year a decade ago.<\/p>\n While the news may help American Airlines get more planes in the air, it didn’t impress Barclays<\/strong> analyst Brandon Oglenski<\/strong>, who on Tuesday morning maintained an Underweight rating on the stock and lowered the price target from $ 20 to $ 17. The lowered price target suggests about 30% upside potential for the stock.<\/p>\n American Airlines could bounce up to $ 16.73 and still remain in the downtrend that the stock has been trading in since May 27, when American Airlines printed a double top pattern at $ 18.21.<\/strong><\/p>\n Want direct analysis? Find me in the BZ Pro lounge! Click here for a free trial.<\/em><\/p>\n The American Airlines Chart:<\/strong> The double top pattern was printed on May 27 and May 31, which set American Airlines into a downtrend. The most recent lower high was formed on June 7 at $ 16.73 and the most recent lower low was created at the $ 15.96 level on that same day.<\/p>\n
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\n<\/ul>\n See Also: 10 Biggest Price Target Changes For Tuesday<\/em><\/p>\n Photo: <\/em>Edu Perez via Shutterstock<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" American Airlines Group, Inc AAL was falling more than 2% on Tuesday after declining 20% \u200b\u200bbetween June 7 and Monday. On Tuesday, the airline announced about 4,500 pilots at three of its regional carriers, Envoy, Piedmont and PSA airlines, would receive large pay increases, with new pilots starting at as much as $ 90 per …<\/p>\n
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