Alaska Air Group (ALK) stock saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 69 to 72.
Can You Really Time The Stock Market?
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the best-performing stocks tend to have an RS Rating of at least 80 as they launch their largest climbs. See if Alaska Air Group stock can continue to show renewed price strength and clear that threshold.
Alaska Air Group is currently trading below its 200-day moving average and not in a proper buying range. See if the airline stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The airliner showed -30% earnings growth in the latest quarterly report. Sales rose 28%.
Alaska Air Group stock holds the No. 6 rank among its peers in the Transportation-Airline industry group. Ryanair Holdings ADR (RYAAY), Skywest (SKYW) and LATAM Airlines Group ADR (LTM) are among the top 5 highly rated stocks within the group. For industry news, check "Airline Industry News And Stocks To Watch."
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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