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Bearish Moving Average Cross by Alaska Air Group (ALK)

By David Diaz

Alaska Air Group (NYSE:ALK) crossed under its 10-day moving average of $88.88 on a volume of 190K 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.

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 $87.73, 61% 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 is monitoring the recent change of momentum in Alaska Air Group. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Alaska Air Group in search of a potential trend change.

Keywords: moving crosses alaska air group

Ticker(s): ALK