Air Canada (AC)

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Positive Momentum Nears Resistance for Air Canada (TSE:AC.B) (PINK:AIDIF) May 11, 2011

Air Canada ( TSE:AC.B ) (PINK:AIDIF) is building up trading volume as the stock price slowly progresses up, powered by the latest quarterly results announcement. The downtrend that has dominated for over half a year has stopped at the support of $2.20. The last couple of price bounces didn't go far, creating a resistance at 2.47 and putting the price in a trading channel. This is a favorable setup for swing traders as the possible resistance bounce might provide a nice short selling...read more