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Hello Share Samplers. Investing in airlines has produced nice gains of late, thanks largely to the cut in fuel prices. But it may be that this little line of money-making is dropping off, now that the oil cost has been factored in for most air operators. But there may still be some benefit in investing in companies which supply airlines. One which comes to mind is Senior (SNR). It is a top-flight engineer which operates in 14 countries. It makes parts for aeroplane engines, including gear that helps air circulate.
What can be seen on the daily chart of Senior is the way that while there was a decent rally for the stock from 250p in October, with the spike through 350p in April really the buying climax on what had been a quite consistent rebound off the main 2014 support zone.
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