US Airways Hits 52-Week High, May Keep Going (NYSE:LCC)

US Airways Group, Inc. (NYSE:LCC) hits a fresh 52-week high today as shares are trading at $9.52, +$0.88 / +10.19%.  The stock recently broke through its $8 resistance level set back in March of 2010.  The stock appreciation may be related to the likelihood of a merger.  Right now, the stock price is at the upper band of upward trending channel (see chart below, delayed quote).

Right now, Barchart shows that US Airways is strong buy for short, medium and long term indicators with all of them checking in at 100%.  Barchart’s Trendspotter is also at a 100% buy signal.  That can be pretty convincing that US Airways is a buy candidate for portfolios.

US Airways Group, Inc. (US Airways Group) is a holding company whose primary business activity is the operation of a network air carrier through its wholly owned subsidiaries, US Airways, Inc. (US Airways), Piedmont Airlines, Inc. (Piedmont), PSA Airlines, Inc. (PSA), Material Services Company, Inc. (MSC) and Airways Assurance Limited, LLC (AAL). During the year ended December 31, 2009, the Company operated a mainline fleet of 349 aircrafts. During 2009, it removed 11 leased Boeing 757-200 aircraft, six leased Boeing 737-300 aircraft, seven leased Airbus A320 aircraft and six owned Embraer 190 aircraft from its mainline operating fleet. During 2009, US Airways Group sold 10 of its Embraer 190 aircraft to Republic Airways Holdings (Republic). During 2009, the Company took delivery of 18 Airbus A321 aircraft, five Airbus A330-200 aircraft and two Airbus A320 aircraft.