These two airlines stocks could be about to take off, trader says (via TradingNation)
"Seasonally, this is when you want to be looking to buy airline stocks," Baruch said Monday on CNBC's "." "That's because crude oil peaks in September, October and over the last 20 years has averaged from peak to trough about an 8% sell-off, and this brings a good support to airlines. So, I'm not saying the top in crude oil is here right now, but we could see crude oil top around $65 to $66 [per barrel], and that again is going to be supportive to airlines.
"First, I'm looking at United Airlines. It's out above the 50- and 200-day moving average. We could see a move up to a trend line resistance up around $95 to $96.50," he said.
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