With the decline in price of oil and other factors, it seems like a few traders are starting to turn their heads towards the airline industry. For the most part is looks like the airlines move inversely with the price of oil, and with the slaughtering they have had over that last year, there are many very cheap airline plays out there, such as UAL Corp (UAUA).
UAUA’s biggest subsidiary is United Airlines. With the decline in oil, UAUA will be able to hedge their cost (lock in the price of jet fuel for the next year). This alone will make a huge difference compared to last year.
Together with MarketClub we have brought you this FREE video that shows the complete analysis of UAUA along with price targets. Make sure to check it out.
Even if you are not interested in the stock, the video shares some great techincal analysis methods to use when analyzing your own stocks.
INO - Check out a free trend analysis for UAL Corp