Alaska Airlines Major Trend Break

Even with market indexes making lifetime highs every single day (with the notable exception of Saturday and Sunday), including the Dow Transports, I thought I’d point this out:

(Click on image to enlarge)

slopechart_ALK

The above is Alaska AIrlines (ALK), and as you can see, it broken its long term trendline. Here’s a closer look. I’m already short it, with that red horizontal as my stop-loss.

(Click on image to enlarge)

slopechart_ALK (1)

Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.