Shares of American Airlines Group (AAL) are trading slightly higher today. Based on technical analysis, there is an American Airlines stock chart breakout coming. Price is hammering on a major trend line.
If price breaks above that level, investors should expect as much as a 30% move to the upside. The trend line breakpoint is $13.00. A daily close above that and upside will likely be seen to $18.40. This is an intriguing chart setup as it implies the coming of major COVID-19 vaccine news. In addition, the Covid-19 stocks are dropping sharply, also adding to the hypothesis that vaccine news is coming within the next few weeks. This American Airlines stock chart breakout could be huge. Watch the $13.00 level on a closing daily basis.
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