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Upgrade Alert for Allegiant Travel (ALGT)

By Nick Russo

Allegiant Travel (NASDAQ:ALGT) was upgraded from Market Perform to Outperform at Raymond James today. The stock closed yesterday at $148.93 on volume of 163,000 shares, above average daily volume of 125,000.

Allegiant Travel Company is a leisure travel company. The Company operates a passenger airline marketed to leisure travelers in small cities.

In the past 52 weeks, Allegiant Travel share prices have been bracketed by a low of $134.64 and a high of $238.13 and closed yesterday at $148.93, 11% above that low price. The 200-day and 50-day moving averages have moved 0.5% lower and 0.2% lower over the past week, respectively.

Allegiant Travel has overhead space with shares priced $148.93, or 34.3% below the average consensus analyst price target of $226.83. Allegiant Travel shares should first meet resistance at the 50-day moving average (MA) of $171.09 and find additional resistance at the 200-day MA of $186.42.

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: analyst upgrades/downgrades allegiant travel

Ticker(s): ALGT