Hawaiian Holdings shares rise the most in two weeks on Tuesday, delivery of Airbus’ A321neo jets to be delayed

According to a filing posted to Hawaiian Holdings Inc.s website on December 19th, Airbuss delivery of three narrow-body A321neo jets is to be delayed by three months. This pushed the expected jet delivery to the final three months of 2017. The announcement came months after the European aircraft producer seemed to be returning to its current year delivery objectives.

Hawaiian Holdings shares closed higher for a sixth consecutive trading session on Tuesday. The stock went up 4.07% ($2.35) to $60.15, after going up as high as $60.20, or the highest level ever recorded. The daily rate of increase has been the steepest one since December 8th, when the stock gained 4.15%. In the week ended on December 18th Hawaiian Holdings shares added 1.06% to their value compared to a week ago, which marked a second consecutive period of gains. The stock has extended its advance to 17.14% so far during the current month, following a 14.06% surge in November. The latter has been the largest monthly gain since July 2016. Back then the stock went up 19.94%.

According to a note by Wolfe Research analyst Hunter Keay, “Airbus mentioned on its last earnings call A321neo delays were likely due to problems with Pratt & Whitney’s GTF engine and associated ramp-up challenges”.

Airbus delivery program began 2016 below trend, as the plane manufacturer encountered supply issues of engines and cabin parts.

As of 8:27 GMT on Wednesday the shares of Airbus Group (AIR) were edging up 0.14% (EUR 0.09) on the day to trade at EUR 63.93. Yesterday the stock added 0.93% to its market value, rebounding after the largest daily retreat since December 2nd. Airbus shares have gained 6.04% so far in December, following three consecutive months of advance.

Daily and Weekly Pivot Levels

With the help of the Camarilla calculation method, todays levels of importance for the Hawaiian Holdings stock are presented as follows:

R1 – $60.42
R2 – $60.69
R3 (Range Resistance – Sell) – $60.96
R4 (Long Breakout) – $61.77
R5 (Breakout Target 1) – $62.72
R6 (Breakout Target 2) – $63.25

S1 – $59.88
S2 – $59.61
S3 (Range Support – Buy) – $59.34
S4 (Short Breakout) – $58.53
S5 (Breakout Target 1) – $57.58
S6 (Breakout Target 2) – $57.05

By using the traditional method of calculation, the weekly levels of importance for Hawaiian Holdings Inc (HA) are presented as follows:

Central Pivot Point – $57.04
R1 – $59.06
R2 – $60.77
R3 – $62.79
R4 – $64.81

S1 – $55.33
S2 – $53.31
S3 – $51.60
S4 – $49.89