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Skywest Looks to Continue to Trade Above its Annual-High Share Price Today

By James Quinn

Skywest (NASDAQ:SKYW) traded today at a new 52-week high of $25.95. So far today approximately 64,000 shares have been exchanged, as compared to an average 30-day volume of 479,000 shares.

SkyWest, Inc. operates regional airlines that offer scheduled passenger service to destinations in the United States, Canada, Mexico and the Caribbean.

Skywest (NASDAQ:SKYW) is currently priced 7.5% above its average consensus analyst price target of $24.00. Skywest shares have support at the 50-day moving average (MA) of $19.92 and additional support at the 200-day MA of $18.12.

Skywest share prices have moved between a 52-week high of $25.95 and a 52-week low of $13.23 and are now trading 96% above that low price at $25.95 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 2.9%.

SmarTrend recommended that subscribers consider buying shares of Skywest on February 23rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.33. Since that recommendation, shares of Skywest have risen 54.9%. We continue to monitor SKYW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows skywest

Ticker(s): SKYW