ALASKA AIR GROUP INC
(ALK-NYSE):
Technical Viewpoint: From a low
of $23.60 on Sep 27, 2004 prices
rallied, reaching a
high of $26.06
on Oct 4, 2004. A
decline saw prices pull back, reaching a
low of
$22.93 on Oct 20, 2004.
Another rally saw prices penetrate
resistance, closing 11/2/04
at $28.08. Technicals: MACD Index (MACD): A Buy Alert!
was given on Oct 26, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $26.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 26, 2004. A P&F upside
reversal takes place at $26.50. Summary: Technical indicators have turned bullish. BUY! ALASKA AIR GROUP INC
(ALK-NYSE) @ $28.50 Stop: Use a protective stop of $26.50.
ALASKA AIR GROUP INC is currently trading @ $28.08 plus $1.52 on Nov 2, 2004. Price Objective:
$38.50. Risk/Reward: $2.00 VS. $10.00. Today's Risk Reward Ratio: 5:1
|
Click here to view full size chart
|