$ALK is set to rally, bear trapped by good ER move.
1. 
ALK for the last few weeks was getting ready to breakout above long term resistance line. However, unknown result was keeping stock under the resistance line. Indicators however was showing more and more strength.
2. Stock currently above all MA's , 9,21, 50 100 and 200.
3. Right before earnings we had "golden cross" of 50 SMA crossing 200 SMA.ALK rallied on that signal but was attacked the next day by shorts betting on fear before ER.
4. Now, as many institutions will re-balance their portfolios into the end of the month and move money into new positions we will see upgrades and higher prices for this solid stock.
5. Day before ER short volume was 60%. Now they have to get out and the only way out, to push it higher because is they do not cover, money inflow will force them out at higher prices. Cut your loss guys and move on.
ALK for the last few weeks was getting ready to breakout above long term resistance line. However, unknown result was keeping stock under the resistance line. Indicators however was showing more and more strength.2. Stock currently above all MA's , 9,21, 50 100 and 200.
3. Right before earnings we had "golden cross" of 50 SMA crossing 200 SMA.
ALK rallied on that signal but was attacked the next day by shorts betting on fear before ER.4. Now, as many institutions will re-balance their portfolios into the end of the month and move money into new positions we will see upgrades and higher prices for this solid stock.
5. Day before ER short volume was 60%. Now they have to get out and the only way out, to push it higher because is they do not cover, money inflow will force them out at higher prices. Cut your loss guys and move on.
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