We are of the opinion that Alaska air is in the process of a potential bullish move higher. Airlines have had a very mixed 18 months but it seems to be the case that Alaska was dragged down by others. Below we have outlined some of the potential buy signals to consider before entering a trade as a resistance level approaches.
GOLDEN CROSS
RSI BREAK ABOVE 67
MOMENTUM BREAK ABOVE $5
LONG ENTRY ABOVE RESISTANCE $67
COMPANY PROFILE
Alaska Air Group, Inc. is a holding company, which through its subsidiaries, Alaska Airlines, Inc. and Horizon Air Industries, Inc., engages in the provision of air transportation services. It operates through three segments: Alaska Mainline, Alaska Regional and Horizon. The Alaska Mainline segment includes flying Boeing 737 jets and all associated revenues and costs. The Alaska Regional segment records actual on-board passenger revenue, less costs such as fuel, distribution costs, and payments made to Horizon, SkyWest and PenAir under the respective Capacity Purchase Agreements. The Horizon segment operates turboprop Q400 aircraft. The company was founded in 1985 and is headquartered in Seattle, WA.
GOLDEN CROSS
RSI BREAK ABOVE 67
MOMENTUM BREAK ABOVE $5
LONG ENTRY ABOVE RESISTANCE $67
COMPANY PROFILE
Alaska Air Group, Inc. is a holding company, which through its subsidiaries, Alaska Airlines, Inc. and Horizon Air Industries, Inc., engages in the provision of air transportation services. It operates through three segments: Alaska Mainline, Alaska Regional and Horizon. The Alaska Mainline segment includes flying Boeing 737 jets and all associated revenues and costs. The Alaska Regional segment records actual on-board passenger revenue, less costs such as fuel, distribution costs, and payments made to Horizon, SkyWest and PenAir under the respective Capacity Purchase Agreements. The Horizon segment operates turboprop Q400 aircraft. The company was founded in 1985 and is headquartered in Seattle, WA.