United Airlines: #PowerStocks Series Pick Of The Week (November 2024)

The race to the White House is on. Former President Donald Trump has closed the gap between Vice-President Kamala Harris at the polls from 3% to less than 1%. This is going to be a nail-biting Presidential Election. Who do you think will be the next President of the US? In addition to the Presidential Election, there are a couple of big economic events and announcements coming up in the same week. You'll want to take more defensive action in protecting your trading capital by reducing your position size and/or being more selective with your stock selection. Before I reveal more about this week's #PowerStocks pick, let's review last week's: Cisco (CSCO).

Review Of Last Week's Pick Of The Week

Cisco (CSCO) was our #PowerStocks pick last week. Its share price had begun to pullback, and I had shared that it could pull back to the price area of $54. This happened on Friday when its share price dipped to $54.53 and bounced. If you've bought the shares of Cisco for an explosive swing trade, what's the price area you could be looking to take profit? For your convenience, you can consider taking profit at this price area shared in my Telegram Channel.

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Why Is Swing Trading United Airlines (UAL) Worth It?

Source: ir.united.com

United Airlines is an airliner and belongs to the Industrials sector. You won't believe what you're about to read next. Over the last 3 months, its share price defied gravity by soaring nearly 90%! This performance beats that of the S&P 500 by 17x! Its latest upmove measures 37.1% and counting. What goes up must come down. So, you can expect a pullback soon, presenting you with a fantastic opportunity to buy its shares for its next explosive upmove. So, what's the game plan? Continue reading to get the details. P.S. What if I told you that you could drastically gain control over your emotions of fear and greed, and master the stock market in a short amount of time? My team and I have worked tirelessly to help you achieve results fast. Click on the banner below to claim your stock course for free (limited time) now!

Performance Of US Stock Market vs United Airlines (UAL)

Before buying any stock for an explosive swing trade, you'll want to tell whether it's in an uptrend. This is because following the trend can bring greater returns. From the chart above, it's clear that the share price of United Airlines is in a massive uptrend. But there's more to this analysis. You'll also want the stock to bring you a larger-than-market return. How can you achieve this? Let's compare the returns of the S&P 500 and United Airlines' shares in the last 3 months. While the S&P 500 brought a return of 5.1%, the shares of United Airlines brought an eye-popping 89.8%! Such outperformance is always welcomed. Knowing that the shares of United Airlines is in an uptrend and has been massively outperforming the stock market, is there more to analyze? Let's discover whether its shares have been explosive enough to be worth your time and money.

How Explosive Is United Airlines (UAL)?

Has the share price of United Airlines been exploding upwards repeatedly? Yes! Its share price has burst upwards 19 times in 11 months! For a huge company with a market capitalization of more than $26b, the magnitude of these upmoves, measuring between 5.2% and 37.1%, are stunning. United Airlines' shares pass this test with flying colors. Is it time to buy its shares for an explosive swing trade, then?

Key Price Levels

Here's how you can determine whether the time to buy the shares of United Airlines is here - by uncovering its key price levels. Key price levels act as support and resistance; therefore, you'll want to buy when its share price is at or near its support area. In addition, as United Airlines' share price has risen by 37.1%, there's a good chance that a pullback is near. When the pullback comes, you can anticipate that its share price is likely to drop to around $73 before rising higher. And that's precisely what I'm waiting for as well. In trading, patience pays. Here's a pro tip: Instead of staring at your screen, you may want to set a price alert on your broker's platform to be notified so that you can spend precious time with your loved ones. Finally, this is for educational purposes. Please perform your due diligence. All images are taken from pexels.com, pixabay.com, sectorspdrs.com, tradingview.com, and unsplash.com, unless otherwise mentioned.

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The stock market is full of traps laid out by professional traders. Many new traders are often left confused by conflicting signs and signals. Worse still, ~80% of traders lose money. This is because trading isn't just about skill alone. It includes the mastery of your emotions. But what if I told you that you could quickly gain control over your emotions of fear and greed and master the stock market? My team and I have worked tirelessly to help you achieve results fast. Click on the banner below to claim your stock course for free (limited time) now!