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Look for Shares of Alaska Air Group to Potentially Pullback after Yesterday's 1.60% Rise

By Nick Russo

Alaska Air Group (NYSE:ALK) traded in a range yesterday that spanned from a low of $65.14 to a high of $66.13. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $65.28 on volume of 502,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Alaska Air Group has traded in a range of $53.39 to $72.22 and is now at $66.30, 24% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

SmarTrend is tracking the current trend status for Alaska Air Group and will alert subscribers who have ALK in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders alaska air group

Ticker(s): ALK