The “Chart of the Day” is Alaska Air Group (ALK), which showed up on Wednesday’s Barchart “All Time High” list. Alaska Air on Wednesday posted a new all-time high of $72.15 and closed up 2.37%. TrendSpotter issued a Buy signal on Dec 1 at $70.18. In recent news on the stock, Raymond James on Dec 6 initiated coverage on Alaska air with a Market Perform. Citigroup on Nov 22 reiterated its Buy rating on Alaska Air with a target of $81 and recommended using the pullback as a buying opportunity. Citigroup on Nov 29 called Alaska Air its favorite name in the space. Alaska Air, with a market cap of $2.5 billion, is a holding company that has two principal airline subsidiaries: Alaska Airlines, Inc. and regional Horizon Air Industries.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “All Time High” list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the “All Time Highs” menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the “Percent” column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
The status of Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
- TrendSpotter: Buy
- Short-Term Indicators: 80% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 96% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
