Alaska Air Group, Inc. : The USD 68.5 support area is currently tested
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$68.8 | $0 | $66.8 | -100% |
According to Surperformance© ratings, the airlines benefit from strong fundamental elements. It has an important profitability without debt, a low valuation on the market and its EPS have been revised upward over the last months.
After several trading session of horizontal movements within the mid-term range USD 68.5/82.4, the stock is coming back close to the lower limit.
Moving averages are flat and technical indicators illustrate the oversold situation.
The USD 68.5 area could cause a positive reaction for the coming trading sessions and allow a technical rebound towards the USD 76.4 short-term resistance.
The stop-loss will be triggered below the USD 68.5.