Alaska Air Group, In
ALK
Delayed Nyse - 07/26 08:23:48 pm
87.67USD
+0.62%

A new test of the support level

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David Meurisse
Contributor / Partner

Strategy published on : 04/20/2017 | 14:28

long trade
Stop-loss triggered

Entry price : 87.84$
Target : 97.9$
Stop-loss : 84.9$
Potential : 11.45%

Alaska Air Group, Inc. have been fluctuating horizontally for several weeks. As the share price returns to the lower bound of the accumulation zone, it yoffers a good timing for investors to open new long positions.
Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● Graphically speaking, the timing seems perfect for purchasing the stock close to the USD 82.96 support.

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● Historically, the company has been releasing figures that are above expectations.

● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.

● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 74.56 USD

Zonebourse.com 2017
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