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Air Canada T.AC

Alternate Symbol(s):  ACDVF

Air Canada is an airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. It provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company’s Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the airline partner network of 45 airlines, plus through a range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using its passenger and freighter aircraft. Its Air Canada Vacations is a tour operator, which is engaged in developing, marketing, and distributing vacation travel packages in the outbound/inbound leisure travel market. Air Canada Rouge is Air Canada's leisure carrier.


TSX:AC - Post by User

Bullboard Posts
Post by ERTguyon Jul 12, 2017 4:59pm
264 Views
Post# 26462123

Traded above the upper bollinger band for the 5th session

Traded above the upper bollinger band for the 5th sessionAs a general rule usually a trader will look to take profits after 2 days closing above the upper bollinger band line.  Especially given how overbought this is on a 14 day RSI basis.   The fact that this is the 5th day in a row above speaks to the power of this rally.  Stephen Poloz put icing on the cake today with raising canadian interest rates and making the Canadian dollar rise a whole cent against the USD. Also that upgrade in GDP to 2.8% from 2.6% can't hurt either.  Oh yes, and the airline sector is also breaking to the upside.  This is indeed still the early stages of an upward correction and wouldn't be surprised to see $25+ within the next 2 months.  I'm thinking at this stage anything below overbought is a buying opportunity.  Enjoy the run.  Cheers
Bullboard Posts