American Airlines Stock Chart Breakout Alert

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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