Bulletin
Investor Alert

April 11, 2021, 6:09 p.m. EDT

Stimulus Matters to the Stock Market and to Alaska Air Group $ALK

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Alaska Air Group Inc. (ALK)

or Cancel Already have a watchlist? Log In

Apr 11, 2021 (Stock Traders Daily via COMTEX) -- Investors often shrug off the impact of stimulus, but when fabricated demand comes into the stock market everything is affected, even Alaska Air Group /zigman2/quotes/200972303/composite ALK +1.28% and other stocks that might not be direct beneficiaries. They say, a rising tide lifts all boats, and multiple expansion is a natural byproduct, but it works in both ways. For ALK we can see the impact demand changes have on price by looking at the trading plans and pivot points below. This changes over time, so we suggest updating the data for the most actionable results, but this static example also demonstrates how this is done. For an update, please request Unlimited Real Time Reports .

Technical Summary

The Technical Summary and Trading Plans for ALK help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this ALK Report.

The technical summary data tells us to buy ALK near 69.18, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 68.98 to protect against excessive loss in case the stock begins to move against the trade. 69.18 is the first level of support below 72.63, and by rule, any test of support is a buy signal. In this case, if support 69.18 is being tested, a buy signal would exist.

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

COMTEX_384268315/2570/2021-04-11T18:09:13

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/200972303/composite
US : U.S.: NYSE
$ 67.90
+0.86 +1.28%
Volume: 829,281
May 7, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$8.45 billion
Rev. per Employee
$162,113
loading...

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.