Why the high growth investor may take a look at NYSE:ALK.

Our stock screener has flagged ALASKA AIR GROUP INC (NYSE:ALK) as a potential breakout candidate. This occurs when the stock shows signs of consolidation after a notable upward trend. While we can't predict the actual breakout, it's worth monitoring NYSE:ALK for potential movement.

In-Depth Technical Analysis of NYSE:ALK

At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.

Taking everything into account, ALK scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALK is showing a nice and steady performance.

• The long and short term trends are both positive. This is looking good!
• Looking at the yearly performance, ALK did better than 95% of all other stocks. On top of that, ALK also shows a nice and consistent pattern of rising prices.
• ALK is one of the better performing stocks in the Passenger Airlines industry, it outperforms 95% of 23 stocks in the same industry.
• ALK is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month ALK has a been trading in the 66.76 - 76.45 range, which is quite wide. It is currently trading near the high of this range.

Our latest full technical report of ALK contains the most current technical analsysis.

How do we evaluate the setup for NYSE:ALK?

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NYSE:ALK currently has a 7 as setup rating:

Besides having an excellent technical rating, ALK also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 75.92. Right above this resistance zone may be a good entry point.

Looking into the high growth metrics of ALASKA AIR GROUP INC

• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), ALASKA AIR GROUP INC highlights its ability to generate increasing profitability, showcasing a 223.0% growth.
• ALASKA AIR GROUP INC has experienced 41.87% q2q revenue growth, indicating a significant sales increase.
• ALASKA AIR GROUP INC shows accelerating EPS growth: when comparing the current Q2Q growth of 223.0% to the previous year Q2Q growth of -67.39%, we see the growth rate improving.
• ALASKA AIR GROUP INC has experienced notable growth in its free cash flow (FCF) over the past year, signaling improved cash generation and strong financial performance. This growth suggests the company's ability to generate excess cash for reinvestment or shareholder returns.
• Maintaining a Debt-to-Equity ratio of 1.04, ALASKA AIR GROUP INC demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
• ALASKA AIR GROUP INC has a strong history of beating EPS estimates in the last 4 quarters, signaling its ability to consistently exceed market expectations. This indicates the company's strong financial performance and its potential for creating shareholder value.
• The Relative Strength (RS) of ALASKA AIR GROUP INC has been consistently solid, with a current 95.43 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. ALASKA AIR GROUP INC exhibits strong prospects for further price appreciation.

Our High Growth Momentum Breakout screen will find you more ideas suited for high growth momentum breakouts.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.