The best-selling fleet of A320 aircraft has recently made history with a Paris-to-New York non-stop flight, flown by the one-of-a-kind A321LR. The company's ability to operate the longest non-stop flights, and with the highest levels of efficiency, opens new markets, in particular, on heavily-travelled North Atlantic routes.
The 'LR' in A321LR stands for 'long range' as the A321LR is able to fly 7,400 km non-stop, a distance that no other single-aisle commercial aircraft is able to cover.
The A321LR is a state-of-the-art model that has A321neo twin-engine and thus boasts super efficiency. The continuous development comes at a high price, however – the company annually invests $300 million in the A320 family, enabling them to go that extra mile in the demanding aircraft industry.
All things considered, it's not surprising that Airbus Group SE share prices (#AIR) have been enjoying an increase. Let's take a closer look...
Overview of Airbus Share Price
The H8 chart shows a solid Marubozu candle that cues for a possible uptrend continuation. The #AIR has hit significant resistance within 96.00 zone, and we might see a pullback towards the POC before next spike. 89.30-90.00 is the POC zone (Monthly L3 pivot, 50.0, fib, HMA, Channel midline, historical buyers). However, if we see an H8 candle close above 95.70, the price might make a breakout run towards Q H5 - 98.05 and M H4 - 98.86. Only above 99.00 might we see 105.48 as the final target.
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