With oil prices moving lower following OPEC’s decision to maintain production levels, shares of airline stocks moved sharply higher this past week. United Continental (UAL) shares were a beneficiary of the recent strength, but Monday’s trading left UAL in a Kings and Queens reversal, potentially ready for a mean-reverting move to the downside. Trade below $58.91 would give us short-term targets at $57.69 and $56.63.
