AAL Wedge

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AAL and other airline stocks may see a boost this week with talks of relief for the companies. My target for AAL is 15.60 for the day leading up to earnings. I believe that stimulus could quickly take shares up and shift the downward momentum that airlines have faced over the past three months. Furthermore the wedge that is forming is supported with a few bullish catalysts, MACD cross, 50 SMA approaching the 100 SMA for an upward cross, and a strong increase in volume on a move to a higher high.

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