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Bullish Moving Average Cross by Alaska Air Group (ALK)

By Nick Russo

Alaska Air Group (NYSE:ALK) shares have crossed bullishly above their 10-day moving average of $60.45 on a volume of 1.7 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher 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 $63.53, 17% 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 recommended that its subscribers protect gains by selling shares of Alaska Air Group on January 19th, 2018 by issuing a Downtrend alert when the shares were trading at $69.33. Since that call, shares of Alaska Air Group have fallen 13.1%. 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