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Bearish Moving Average Cross by Alaska Air Group (ALK)

By David Diaz

Today, shares of Alaska Air Group (NYSE:ALK) have fallen below their 10-day MA of $55.55 on a volume of 171K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Alaska Air Group share prices have moved between a 52-week high of $74.83 and a 52-week low of $53.70 and are now trading 3% above that low price at $55.23 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Alaska Air Group on February 27th, 2019 by issuing a Downtrend alert when the shares were trading at $61.95. Since that call, shares of Alaska Air Group have fallen 9.4%. 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