Since trading as low as $5.00 last week, shares of QAN have gained some altitude to reach $5.37 in early trade today.
The airline is scheduled to release H1 results on Thursday with the preliminary numbers showing a NPAT of $690.4 million and a DPS of 12.5 cents.
You're not a member! Trial today
From a technical prespective, the internal momentum indicators look positive and the next key resistance level is near the December high of $5.81.
QAN was added to our Model portfolio on July 24th at $5.25, and we prefer the long side from these lelvels.
QANTAS
