Stocks quoted in this article:
Among the handful of indices in positive territory this afternoon is the AMEX Airline Index (XAL – 153.46), which has flown nearly three points, or almost two percent, higher. This climb has the index poised to end its five-session losing skid. The XAL has been performing poorly of late, descending more than 15 percent from its near-term intraday high from July 18. The index is still beneath its 20-month moving average, which it has finished above for the previous four months, as well as all of its significant near-term and intermediate-term trendlines.
Equities leading the XAL into the black today include Continental Airlines (CAL – 49-3/16), up 4.5 percent; AMR Corp. (AMR – 33-5/8), up 3.4 percent; Northwest Airlines (NWAC – 27-9/16), up 2.3 percent; and American West Holdings (AWA – 13-1/2), up 2.3 percent.