Delta Air Lines reported Q3 earnings of $1.57 versus the $1.53 estimate. Revenue also beat coming in at $11.06 billion versus the $11.03 billion estimate.
Continue reading “Delta Air Lines Beats on Q3 Earnings, Gets Analyst Upgrades”
Heavy call buying was detected in Delta Air Lines stock on Friday, October 6, 2017. Investors bought 24,677 call options on the stock which is an increase of more than 212% over the average call volume of 7,859.
Continue reading “Delta Air Lines Stock Has Heavy Call Buying On Seasonal Long Play”
Delta Airlines stock has formed a candle over candle reversal on the chart. The large players volume is uptrending and the CMF has just broken above the zero line.
Five years ago, Delta Air Lines bought a refinery to protect against the risk of high crack spreads. In the wake of Hurricane Harvey, Delta’s move now looks brilliant as it totally insulated itself against crack spreads, something their competitors did not do.
Hurricane Harvey has pushed the crack spread up more than 100% at the beginning of September. The crack spread has since come down but it is still at a very elevated level as the chart below shows.
Continue reading “Delta Airlines Stock Does Candle Over Candle Reversal”