IAG shares signal bullish breakout toward 500p ahead of earnings

IAG share price has moved sideways in the past few days after hitting a crucial resistance level. It was trading at 437p on Monday, a few points below the year-to-date high of 450p. It remains 440% above its lowest level during the pandemic, bringing its market capitalization of over £19 billion. International Consolidated Airlines has become the fourth-biggest airline globally by market cap after Delta Air Lines, United Airlines, and Ryanair. So, will the IAG stock price continue rising or retreat in the coming weeks? IAG in focus ahead of want  IAG stock price has remained in a bull run this year as market conditions continued improving. For example, data compiled by IATA shows that the average jet fuel price…