Technical Analysis: LAN Airlines Agrees to Add 50 Airbus A320 Aircrafts to its Fleet (LFL)

Officials from Latin-American LAN Airlines (NYSE:LFL) announced Tuesday that an agreement has been signed by the company to buy 50 Airbus A320 aircrafts, set to be delivered between 2012 and 2016.

The aircrafts will fly regionally and domestically within Latin America, and the order includes a first-time order of the Airbus A321, which can hold up to 210 passengers.

SmarTrend is bullish on shares of LAN Airlines and our subscribers were alerted to buy on February 17, 2010 at $17.52; the stock has risen 20.5% since the alert was issued.

LAN Airlines is currently above its 50-day moving average (MA) of $19.06 and above its 200-day of $17.04.

In the last five trading sessions, the 50-day MA has climbed 1.14% while the 200-day MA has risen 1.16%.

Shares of the air services provider closed Monday's trading session at $21.11.

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• Airlines
• Aircrafts
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[RSfandude]

Damm she's hot

[AF401]

@1losdeabajo De todas maneras todos saben que es de Chile.

[AF401]

@Piojoak Yup, It was "Linea Aerea Nacional" but it changed to "Latin American Network"

[natyhuircan]

@Piojoak that´s right!

[1losdeabajo]

los vendidos le quitaron el nombre de chile a lan,aun deberia llamarse lan chile

[Piojoak]

LAN doesen´t took its name from "Latin-American". The origin comes from "Línea Aérea Nacional" and started its history in Chile in 1929

[manitogata]

Hurrayyyyyy more Airbus aircrafts!!!!  =))))))))