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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 17, 2017 6:53pm
269 Views
Post# 26478783

AC and Westjet gamed today

AC and Westjet gamed todayMacquarie downgraded AC and Westjet to neutral today and also lowered their price targets.  This comes after several analysts became even more bullish on Canada's airlines.  There really isn't any reason for this nonsense other Than to initiate a short term correction that these stocks required, effectively taking the 14 day RSI out of overbought territory.  I suspect AC will find short term support at the 10 day which will be right around the $20 level as of tomorrow and move upward from here.  The rest of the airline sector held up strongly today and I don't see any headwinds from the NAFTA language from the trump administration that would be taken negatively from the markets tomorrow.  
Bullboard Posts