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After Yesterday's Rally of 2.16% Shares Could Potentially Pullback

By James Quinn

Alaska Air Group (NYSE:ALK) traded in a range yesterday that spanned from a low of $92.21 to a high of $94.30. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $93.98 on volume of 461,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Alaska Air Group on June 1st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $87.79. Since that recommendation, shares of Alaska Air Group have risen 4.3%. We continue to monitor ALK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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 $93.68, 72% 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.

Keywords: rebounders alaska air group

Ticker(s): ALK