Alaska Air Group Stock Sees Relative Strength Rating Fly Higher

Alaska Air Group (ALK) stock had its Relative Strength (RS) Rating upgraded from 64 to 77 Thursday — a welcome improvement, but still shy of the 80 or better score you prefer to see.

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IBD’s proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock’s price performance over the last 52 weeks matched up against all other stocks.

Decades of market research shows that the best-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if Alaska Air Group stock can continue to show renewed price strength and hit that benchmark.

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Is Alaska Air Group Stock A Buy?

Alaska Air Group stock reclaimed its 200-day moving average near the end of March but it’s is not currently near a potential buy zone. See if the stock goes on to form a base that could launch a new move.

While the airline company’s bottom line growth fell in the company’s most recently reported quarter from -28% to -67%, sales rose 3%, up from 0% in the previous report.

Alaska Air Group stock earns the No. 7 rank among its peers in the Transportation-Airline industry group. Skywest (SKYW), Delta Air Lines (DAL) and Ryanair Holdings ADR (RYAAY) are among the top 5 highly rated stocks within the group. For more industry news, check out “Airline Industry News And Stocks To Watch.”

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