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Skywest: The Winning Streak Continues (SKYW)

By David Diaz

Shares of Skywest (NASDAQ:SKYW) traded today at $28.25, breaking its 52-week high. This new high was reached on below average trading volume as 57,000 shares traded hands, while the average 30-day volume is approximately 479,000 shares.

Skywest (NASDAQ:SKYW) is currently priced 14.6% above its average consensus analyst price target of $24.00. The stock should find initial support at its 50-day moving average (MA) of $19.92 and further support at its 200-day MA of $18.12.

Skywest share prices have moved between a 52-week high of $28.25 and a 52-week low of $13.23 and are now trading 112% above that low price at $28.09 per share. The 200-day and 50-day moving averages have moved 0.96% higher and 2.87% higher over the past week, respectively.

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

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 68.3%. 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