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ALK

Alaska Air Group, Inc. - Looks Juicy to take a Long Position.Looking over the one week chart we can see that a bottom might be in and indicators suggest that we're in for an uptrend. Furthermore, we seem to have a prime catalyst with earnings coming up - any stroke of good news and guidance could send this thing higher. Expect a peak if other airlines do well in the coming weeks also. RSI: Shows oversold on the weekly Momentum: Showing that its currently trending to the upside. MACD: Shows that we might be looking at a cross in the coming weeks making for positive upside in the future. Will keep this updated.
NYSE:ALKLong
by MNYBGZ
October 25 Earnings: Alaska Air - Bankruptcy & PRASMAlaska Air has been absent from the recent airlines rally as the company struggles to regain momentum after weather related issues. The company's integration of Virgin Airways is a mega-plus for the Airline after organic routes kept coming under weather-related pressures. It's recent venture with Singapore Air will be another plus for the Airline's Asia connection flights. However, rising costs are likely going to dampen profits and margins, worth taking note of but not enough to outweigh pros. Recent pilot union deal, higher Virgin Air merging costs and 12% higher fuel costs are a further "downer" for the quarter. I am starting the company with an $85.00 PT for an extended 2-3 month post-earnings move. A stop at $75, near recent lows is subject to post-earnings review.
NYSE:ALKLong
by TraderDanER
ALK Double H&S PatternAfter forming a perfect Head & Shoulders pattern, a larger Head & Shoulders is taking shape. The already completed H&S pattern is pretty much a picture perfect formation. - Left shoulder shows strong volume on the upside and lower volume on down days - The head shows increased volume on positive days at the beginning, but volume fades as ALK makes higher highs. THIS IS A TELL-TALE SIGN WE REACHED A TOP - As we moved lower, ALK had a false breakout on low volume as the stock made its way back above the neckline the same day. - As the right shoulder formed, volume was low on up days and increasing on down days - The final breakout confirmed on high volume. Another big indicator is the strong red candlestick that closed at the lows of the day (shaved bottom). After falling almost $6 from the first H&S neckline, the stock hit a trend line that has now been hit 4 times. The stock also hit what could be a neckline to another head & shoulders. If you look at the chart and the volume, almost the same comments can be applied to the larger (blue curves) H&S pattern. Considering the stock looks to be quite oversold, and given the 2 aforementioned resistance points, I believe the stock will retrace along its trend line up to the first neckline at $92. This is typical after a H&S is completed (red curves) as the bulls try to salvage something after being stopped out. Look for lower than average volume going up and high volume on down days. If It does retrace to the neckline, there will be very little room until a down day will break that trend line (especially with earnings looming on 4/26), in which case the stock will go much much lower.
NYSE:ALKShort
by myfye13
5
ALK: Potential long term long, courtesy of Nick CoulbyMy good friend Nick Coulby (@ncoulb1) has brought this stock to my attention and I think it could constitue a nice addition to a long term portfolio, with good valuation after testing a massive support level, and expanding the daily range up today. You could opt for shorting puts or going long stock, with either a 1 or a 3 ATR stop loss here, depending on your risk profile. Good luck if taking this trade and make sure to check out Nick's profile. Cheers, Ivan Labrie.
NYSE:ALKLong
by IvanLabrie
1
Alaska Air Group - Anatomy of a BubbleAlaska Air Group displays clear characteristics of a bubble, more precisely of a bubble preparing to burst. On the wings of a 6 year old bull market and more recently fueled by cheap oil prices this stock was propelled from 2.53$ in 2008 to 82.78$. The stock rose more then 30x from the low or as Peter Lynch would say, for those that bought it at those prices it became a "30 bagger". With the whole stock market weakening recently and especially the transports coupled with what I think is a bottoming process in crude oil I feel that Alaska Air is slowly losing the air beneath is wings. The technical picture adds weight to this assessment with a daily and weekly RSI divergence (displayed on the chart on the right) plus I think ALK's chart is eerily similar to gold's chart in September 2011. Therefore it is likely that the future development of the chart is going to be similar. I suggest shorting the stock with a weekly stop above 83$. The target is the 40-45 area with partial profit taking around the 60$ area. You may also try and buy a couple of out-of-the-money put options and see if you can catch a potential sharp move down and profit from the tail risk. Be careful though, earnings are on 10/22 so keep your position small and set your stop wide enough so you can weather the volatility. Whoever chooses to go with the trade good luck. For a full list of instruments traded in the lifetime of the portfolio and for performance go to the Performance section: www.highprotrading.com
NYSE:ALKShort
by HighProTrading