The Relative Strength (RS) Rating for Alaska Air Group moved into a new percentile Tuesday, as it got a lift from 69 to 73.
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IBD's unique rating measures share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best-performing stocks often have an RS Rating north of 80 as they launch their biggest climbs. See if Alaska Air Group can continue to show renewed price strength and hit that benchmark.
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 zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Alaska Air Group posted -30% earnings growth in its most recent report. Sales gains came in at 28%.
The company holds the No. 5 rank among its peers in the Transportation-Airline industry group. Ryanair Holdings ADR 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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