Finally returning to profitability (and without any "covid aid" this set up looks solid for a short term bounce. All of the momentum indicators have flipped around to show some strong upward bias. I wouldn't be at all surprised if this stock cleared $60.00 in the next week. I'd be looking to buy if we got lucky enough to see $52.00 or better.
Nice move today in airlines and other industrials. These have consolidated for a while and I have enjoyed accumulating it for clients. They reduced their debt by $800M+ in 2019 DURING COVID!! Amazing company. Has room to run into the 70s into next year.
Airlines should benefit next year as business continues to get better. There's only 3 airlines I would buy right now though. DAL, LUV and ALK. ALK reduced its debt by over $800M DURING COVID. Amazing management is the only way to make that happen. Price targets that I have seen are in the 70s - 80s.
ALK appears to be in a rectangle. Price is under mid rectangle (MR). Rectangles are horizontal consolidation zones and can be long term patterns. They are neutral until a trendline is broken with a confirmed trend in one direction.
Mid rectangle is often used as a stop in either direction. Some swing trade inside the rectangle but this can be risky since it...
I don't know what it is, but I can't reach a conclusion on this. I really feel like I should be a buyer, but something is messing with me. Too many rules, not enough rules. Not really sure at the moment. Hate this feeling.
Not looking to trade in the near future. I think the 1-5 elliot waves here are highly textbook. For me, the correction is where a lot more uncertainty becomes involved.
This can be seen with just how many different types of correction formations there are, as opposed to the 1-5 wave which is fairly universal. I feel like I am still guessing a lot with the...
ALK has pierced bottom trendline of a rising wedge but seems to have found support.
ALK has fallen from a few rising wedges and never falls very far before continuing up.
Not quite to long entry level but trying awfully hard.
I saw this a week or so ago but the rising wedge made me wait.
Red Long legged doji candle tail points to possible support. There is a...
***Based on analysts offering 12 month price targets for ALK in the last 3 months.
The average price target is $62.57 with a high estimate of $74 and a low estimate of $54
Analyst Firms Making Recommendations
B OF A GLBL RES
COWEN & COMPANY
DEUTSCHE BK SEC
JP MORGAN SECUR
MORGAN STANLEY
RAYMOND JAMES
SEAPORT GLOBAL
STIFEL NICOLAUS
Selling over 1000% than buying...
