The Relative Strength (RS) Rating for Alaska Air Group moved into a new percentile Friday, as it got a lift from 65 to 74.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 as they begin their biggest price moves. See if Alaska Air Group can continue to rebound and clear that threshold.
Alaska Air Group has climbed more than 5% past a 42.28 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
EPS growth declined last quarter from 223% to 0%, but sales rose from 38% to 41%. Keep an eye out for the company's next round of numbers 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 No. 1-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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