Bearish Moving Average Cross by Alaska Air Group (ALK)
Today, shares of Alaska Air Group (NYSE:ALK) have crossed bearishly below their 10-day moving average of $58.07 on a volume of 218K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower 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 $57.85, which is 6% above that low price. 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 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 22.5%. 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