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Alaska Air Group Crosses Above its 10-day MA (ALK)

By Nick Russo

Today, shares of Alaska Air Group (NYSE:ALK) have crossed bullishly above their 10-day moving average of $84.71 on a volume of 390K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Alaska Air Group share prices have been bracketed by a low of $54.51 and a high of $101.43 and are now at $85.21, 56% above that low price. 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 March 15th, 2017 by issuing a Downtrend alert when the shares were trading at $94.12. Since that call, shares of Alaska Air Group have fallen 11.2%. 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

Ticker(s): ALK