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

By James Quinn

Today, shares of Alaska Air Group (NYSE:ALK) have crossed bearishly below their 10-day moving average of $84.90 on a volume of 283K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Alaska Air Group has traded in a range of $54.51 to $101.43 and is now at $83.71, 54% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Alaska Air Group on July 21st, 2017 by issuing a Downtrend alert when the shares were trading at $88.63. Since that call, shares of Alaska Air Group have fallen 4.0%. 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