Alaska Air Group (ALK) is today's Chart of the Day. Found by sorting the New High list, the stock hit 15 new highs and is up 17.24% in the last month. Since the Trend Spotter gave a buy signal on 1/3 the stock is up 21.82%.
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Alaska Air Group (ALK) is today's Chart of the Day and was found by sorting Barchart's New High list for frequency. Since the Trend Spotter gave a buy signal on 1/3 the stock is up 21.82%. The price had a steady rise and hit 15 increases in the last 20 trading session plus its up 17.24% in the last month.
The Company is a holding company and has two principal subsidiaries: Alaska Airlines, Inc. and Horizon Air Industries, Inc. This year they will add 5 new routes and have 50 new Boeing planes on order with plenty of cash to fund the expansion.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 100% Barchart technical buy signal
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 15 new highs and up 17.24% in the last month
- Relative Strength Index 77.33%
- Barchart computes a technical support level at 51.22
- Recently traded at 54.53 with a 50 day moving average of 47.22
Fundamental factors:
- Market Cap $3.83 billion
- P/E 10.94
- Analysts issued 6 strong buy, 1 buy, 3 hold, 1 sell and a strong sell recommendation
- Revenue projected to increase 7.80% this year and another 5.70% next year
- Earnings estimated to increase 15.20% this year, 13.60% next year and continue to increase annually by 28.55% for the next 5 years
- Financial Strength B
Exit strategy: Sell if you lose 10% or the stock drops below its 50 day moving average.
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