Get started
ALASKA AIR GROUP INC COM STK USD1ALASKA AIR GROUP INC COM STK USD1ALASKA AIR GROUP INC COM STK USD1

ALASKA AIR GROUP INC COM STK USD1

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

0HC3 trade ideas

ALK Technical Breakout + RSI divergenceToday 8/24/2018- I've entered a long position into Alaska Airlines (ALK) as the stock has been trading sideways for over 200 days and seems to have a strong support at 58$( average 60$ a share). There was an resistance zone at 64.00$ and it broke through it to 68$ and has now retrace back to 64.75$ a share which could now be a new support area. Not only is the price action trading sideways and now higher, but the moving averages are starting to curve higher. The RSI is also diverging with higher highs and higher lows (triangular wedge) and the stock should find a clear path forward soon. As I am trading options, I gave myself a long expiration till January 2019 but realistically, I would like to close this position for profit in a 3-6 weeks if this stock explodes higher. I would be interested to take profits when the stock goes to 70$ - 75$ a share. I bought a vertical call spread 60$ call/ and 70$ call for a total price of 5.16$ a contract which is $516 dollars invested. There is earnings in 62 days and this gives me a good 2 months for the stock to go above 65.16$ and then this trade can make some money. When the stock goes to 70$ a share, this trade will make atleast 150$ and that is a 29% return for the stock to only go up 7% over 2 months.
NYSE:ALKLong
by TheBulltrader
ALK may fly very soonALK continues to show interesting development on the hourly chart, as it edges toward the apex of a very large bullish falling wedge. Earlier this week, we saw price broke down from a bearish rising wedge in an attempt to take out the downward trend line of the larger bullish wedge. The price bounced off a support level yesterday, before reaching the bottom of the wedge. It is dragged down today by the downward motion of the SPY. However, apart from the bullish falling wedge technicals, we can see that the price has made a higher high and lower low starting at the bottom of late May. If this is a start of an uptrend, then the hourly RSI and PPO indicator actually display a hidden bullish divergence, as price made a higher low, but indicator made a lower low. This suggests that selling was so hard, but demand from below stops selling from pushing the price down. This means strength in the stock. Notice that the 9 day moving average just crossed the 50, suggesting that the near term trend is down. However If SPY happens to be down next week but ALK is green, then watch for the integrity of the hidden bullish divergence and the upward trending channel. A breakout of the falling wedge may come soon.
NYSE:ALKLong
by Rookie398476049358670
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