|
ALASKA AIR GROUP
(ALK-NYSE):
Technical Viewpoint: From a low
of $15.38 on Jun 11, 2009 prices
rallied, reaching a
high of $18.35
on Jun 19, 2009. A
decline saw prices pull back, reaching a
low of
$16.07 on Jun 23, 2009.
Another rally saw prices penetrate
resistance, closing 7/10/09
at $20.34. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 2, 2009 when the solid line crossed the dotted line to the upside.
Support: Remains at $18.75. Resistance: Is at $21.03.
Point & Figure: Reversed to the upside on Jun 26, 2009. A P&F upside
reversal takes place at $19.00. Summary: Technical indicators have turned bullish. BUY! ALASKA AIR GROUP
(ALK-NYSE) @ $20.63 Stop: Use a protective stop of $19.13.
ALASKA AIR GROUP is currently trading @ $20.34 plus $1.54 on Jul 10, 2009. Price Objective:
$29.00. Risk/Reward: $1.50 VS. $8.37. Today's Risk Reward Ratio: 6:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$29.00
Risk/Reward:
$1.50 VS. $8.37
Risk/Reward Ratio:
6:1
|
