Straight outta' Minnesota (Eagan, Minnesota to be exact) we have some news from Northwest Airlines (NWA: sentiment, chart, options) . The Minnesota-based airline announced that it plans to raise its fuel surcharge $10 each way, which will bring its total U.S. - fare surcharge to $65 per direction. The airline blamed rising fuel costs for the price hike, and said that the change matches moves made at other airlines. And airline companies wonder why none of us are flying anymore ...

Technically, NWA is more than 4.5% higher on the day, which sounds impressive until you realize that the stock is trading below $9. Furthermore, the shares face overhead resistance in the form of their 10-week moving average, which has acted in a resistive role since the middle of February. With this trendline bearing down on the 8 region we could see it force the share lower. The problem is that the stock faces a fair share of positive sentiment from option players and analysts, which leaves little chance for unwinding pessimism to push the stock higher.