Alaska Air Group saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 68 to 73.
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This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to other publicly traded companies.
Decades of market research shows that the market's biggest winners often have an RS Rating north of 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 has risen more than 5% past a 42.28 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth slowed in the most recent report from 223% to 0%. But sales moved higher, from 38% to 41%. The next quarterly results are expected on or around Jul. 23.
Alaska Air Group earns the No. 3 rank among its peers in the Transportation-Airline industry group. Skywest is the top-ranked stock 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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