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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 $65.79 on a volume of 284K 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, shares of Alaska Air Group have traded between a low of $54.51 and a high of $87.17 and are now at $65.97, which is 21% 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 subscribers consider buying shares of Alaska Air Group on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.32. Since that recommendation, shares of Alaska Air Group have risen 4.0%. We continue to monitor ALK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses alaska air group

Ticker(s): ALK