Alaska Air Group Bullish Moving Average Crossover Alert (ALK)
Today, shares of Alaska Air Group (NYSE:ALK) have crossed bullishly above their 10-day moving average of $66.00 on a volume of 250K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Alaska Air Group has traded in a range of $58.15 to $87.17 and is now at $66.51, 14% above that low. The 200-day and 50-day moving averages have moved 0.13% lower and 0.3% lower over the past week, respectively.
SmarTrend recommended that its subscribers protect gains by selling shares of Alaska Air Group on April 25th, 2016 by issuing a Downtrend alert when the shares were trading at $75.81. Since that call, shares of Alaska Air Group have fallen 13.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses alaska air group