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After Yesterday's Decline of 2.54%, Alaska Air Group Offers Investors Better Value

By Shiri Gupta

Alaska Air Group (NYSE:ALK) traded in a range yesterday that spanned from a low of $73.21 to a high of $74.64. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $73.40 on volume of 662,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Alaska Air Group on July 21st, 2017 by issuing a Downtrend alert when the shares were trading at $88.63. Since that call, shares of Alaska Air Group have fallen 15.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Alaska Air Group has traded in a range of $54.51 to $101.43 and is now at $73.50, 35% above that low. The 200-day and 50-day moving averages have moved 0.13% lower and 0.3% lower over the past week, respectively.

Keywords: rebounders alaska air group

Ticker(s): ALK