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April 2, 2021, 6:31 a.m. EDT

Why the Technicals for Alaska Air Group $ALK can be More Revealing than the Fundamentals

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Apr 02, 2021 (Stock Traders Daily via COMTEX) -- Technical analysis provides insights that fundamental observations cannot. We can use that to our advantage in Alaska Air Group /zigman2/quotes/200972303/composite ALK -2.31% . Using the data offered below we have a real-time example. Review The technical data for ALK below, and the added value of technical analysis will become clearer. Trading plans are derived naturally from the technicals. This data is current, but it is not real time. If you want a real time update, or data on a different stock, please get one here 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 66.06, 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 65.87 to protect against excessive loss in case the stock begins to move against the trade. 66.06 is the first level of support below 69.49, and by rule, any test of support is a buy signal. In this case, if support 66.06 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_383792586/2570/2021-04-02T06:30:35

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
$ 65.54
-1.55 -2.31%
Volume: 1.28M
May 11, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$8.35 billion
Rev. per Employee
$162,113
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