Joe Neighbour from centralmarkets.co.uk explains why he thinks International Consolidated Airlines Group (AIG:xlon) is a buy.

The stock broke above a short term downtrend channel in yesterday’s session and also bounced at the lower end of an uptrend channel over a longer timeframe.

IAG has suffered due to a weaker pound and higher oil prices but both now seem to be stabilising meaning that IAG can start to rise once again from here.

Neighbour is a buyer at the open placing a stop loss at 385p

First target on the upside is for a move towards 440p. If it breaks above this level, then 480p is the next level to target.