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Allegiant Travel Set to Possibly Rebound After Yesterday's Selloff of 7.24%

By Shiri Gupta

Allegiant Travel (NASDAQ:ALGT) traded in a range yesterday that spanned from a low of $76.61 to a high of $84.11. Yesterday, the shares fell 7.2%, which took the trading range below the 3-day low of $78.66 on volume of 67,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, Allegiant Travel share prices have been bracketed by a low of $60.06 and a high of $183.26 and are now at $77.30, 29% above that low price. The 200-day and 50-day moving averages have moved 0.82% lower and 5.45% lower over the past week, respectively.

Keywords: rebounders allegiant travel

Ticker(s): ALGT