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SmarTrend Watching for Potential Rebound in Shares of Allegiant Travel After 2.98% Loss

By Shiri Gupta

Allegiant Travel (NASDAQ:ALGT) traded in a range yesterday that spanned from a low of $141.65 to a high of $149.25. Yesterday, the shares fell 3.0%, which took the trading range below the 3-day low of $149.50 on volume of 592,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Allegiant Travel have traded between a low of $111.54 and a high of $182.25 and are now at $147.30, which is 32% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.2%.

SmarTrend is monitoring the recent change of momentum in Allegiant Travel. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Allegiant Travel in search of a potential trend change.

Keywords: rebounders allegiant travel

Ticker(s): ALGT