Baby with the bath water?
This morning we had news that AAL 0.00%↑ was guiding lower American Airlines (AAL 12.30, -1.14, -8.5%): lowers Q2 EPS, adjusted operating margin, and TRASM guidance in SEC filing. And it took of course the other airliners with it.
It also hit many other travels names which may or may not be affected by this news at all. One of these names received some interesting dark pool prints and call buyers opening new positions into the lows. To boot, I also like the R/R and weekly/daily chart set up to take a stab at longs.
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