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American Airlines Charts Are Bullish: Can Q4 Earnings Keep The Altitude?
AAGAAG(US:AAL) Benzingaยท2025-01-22 19:13

Core Viewpoint - American Airlines Group Inc is set to release its fourth-quarter earnings, with Wall Street expecting earnings per share (EPS) of 64 cents and revenues of $13.40 billion, reflecting a strong performance in the stock market with a 36.01% increase over the past year and 8.97% year-to-date [1] Stock Performance - American Airlines stock is showing strong bullish momentum, trading above key moving averages, with a current price of $18.53, which is above the 5-, 20-, and 50-day exponential moving averages [2] - The stock's position above the eight-day simple moving average (SMA) of $18.25 and the 20-day SMA of $17.70 indicates continued short-term strength, potentially attracting momentum traders [2] Technical Indicators - The stock significantly outpaces its 50-day SMA of $16.28 and 200-day SMA of $13.00, reinforcing a strong uptrend and indicating investor confidence in American Airlines' stability [3] - The MACD indicator at 0.61 aligns with the bullish trend, reflecting strengthening momentum, while the RSI of 65.11 suggests the stock is approaching overbought conditions [4] Analyst Ratings - The consensus analyst rating for American Airlines stock is currently a Buy, with a price target of $18.47, indicating an 8.2% upside potential based on recent analyst ratings from BofA, Susquehanna, and Jefferies [6]