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Bearish Moving Average Cross by Alaska Air Group (ALK)

By James Quinn

Alaska Air Group (NYSE:ALK) crossed under its 10-day moving average of $61.52 on a volume of 128K 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 $53.39 and a high of $74.83 and are now at $60.94, which is 14% 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 advanced 0.7%.

SmarTrend is tracking the current trend status for Alaska Air Group and will alert subscribers who have ALK in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses alaska air group

Ticker(s): ALK