On Monday, Alaska Air Group received a positive adjustment to its Relative Strength (RS) Rating, from 69 to 74.
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This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating of above 80 in the early stages of their moves. See if Alaska Air Group can continue to show renewed price strength and clear that threshold.
Alaska Air Group is now considered extended and out of buy range after clearing a 42.28 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company showed -30% EPS growth in its most recent report. Revenue gains came in at 28%.
The company earns the No. 6 rank among its peers in the Transportation-Airline industry group. Ryanair Holdings ADR, Skywest and LATAM Airlines Group ADR are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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