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Alaska Air Group Bullish Moving Average Crossover Alert (ALK)

By James Quinn

Alaska Air Group (NYSE:ALK) crossed over its 10-day moving average of $67.51 on a volume of 118K 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.

In the past 52 weeks, shares of Alaska Air Group have traded between a low of $54.51 and a high of $87.17 and are now at $68.01, which is 25% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Alaska Air Group on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.32. Since that recommendation, shares of Alaska Air Group have risen 7.9%. We continue to monitor ALK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses alaska air group

Ticker(s): ALK