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Air Lease Corporation (AL) is engaged in the purchase and leasing of commercial jet transport aircraft to airlines worldwide.
The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, and airlines.
In addition, it provides fleet management services to investors and owners of aircraft portfolios. As of December 31, 2013, the company owned a fleet of 193 aircraft, including 146 single-aisle narrowbody jet aircraft, 31 twin-aisle widebody jet aircraft, and 16 turboprop aircraft.
Shares have formed a bullish "cup and handle" and higher prices are expected for this stock. WAIT before you open a position, we expect shares to pull back with the market and snap higher as indexes stabilize!
Entry Point: $36.70
52-Week Trading Range: $25.13 - $38.15
Stop Loss: $34.87
Target Price: $40.37
AL closed at $39.41 after it failed to reach our target in less than 30 days.
