Short opportunity Allegiant Travel(Short term)Funamental
- Return on asset, ROI,ROE, Growth, negative.
- Dept/Equity, very negative.
- Long-term debt / Equity, very negative.
- Insiders getting out.
- Short float <10%, big short opportunity.
ALGT trade ideas
ALGT - Buying A Down Trend Price has climbed over a down trend line that can be continued to be plotted on the chart
As the trend continues the rises can be seen in % to increase.
We are now experiencing a point where price has climbed over the diagonal and is ready for an up move.
Will it be more in % than the last one?
ALGT ready to move its past behind.ALGT smashed earnings expectations and seem to accelerate EPS and Rev growth. The Valuation looks attractive and the price just touched its 200MA with volume. Watch out for SL. Watch out for volume as the stock is not highly liquid.
February Gainers (ALGT, account up 0.5%)1st gainer in February is ALGT . Holding period is 147 days (9/8/22-2/2/23). Account up 0.5%. I do think it will keep going up.
*My holding period is rarely over 30 days but it happens a couple times of the year. The point is you stick to your strategy and carry on with the rest of the trades. Make sure you stay conservative and have a salvage strategy.
This month till today, my account is up 0.5%, average holding period is 147 days.
My trading method is mostly short term and is independent of market swings.
Will keep updating on my trades.
Travel co that is priced to perfection and is overbought? Short!I opened a short on ALGT this morning. I think it is fundamentally overpriced and assumed that everyone is sitting with bags packed, ready to book a ticket.
No income, high debt, let's see!
ALGT 1D RANGE TRADINGBuy a Daily Candle Close above the Range Top.
Watch for a Failed Range Breakout.
Use a 30m/1h time chart to watch if there is a Bearish bounce off Range Top.
Breakout Candle Must Be 100% of the Average Volume For full-size position
75% of the Average Volume For ½ size position
Stop Loss is 1.5 x ATR First Target is 1 x ATR (close ½ position 1st TP)
ALGT - UP!ALGT is breaking out of rounding bottom
creating a bull flag and a gap breakout
targets on chart
$ALGT short term sell or long term hold? NASDAQ:ALGT
Personally I've become a fan of this stock.
I've slowly started getting into conservative long-term investments with gains from quick swing trades. Relatively good dividend yield stocks in a solid market seem to naturally be my choice thus far.
However with Covid-19 still lingering in many countries, travels markets like airliners can still be considered a risky investment. Especially one of the 'smaller' companies like Allegiant.
I've flown Allegiant quite a few times, and I have family in the industry. They're more of a budget airline, and there's plenty of complaints to be found on the discomfort of riding Allegiant. That said, in an industry where not all of the average citizens can afford to participate in, ALGT is common, effective compromise to affordable flying.
But I'm getting off track.
ALGT has seen a nice rally lately. I've been trying to determine if I should take profits or continue to hold, considering this is really a more long term investment choice.
I'm likely going to take some profits quickly and look to enter around the ~$90 area if this setup continues to play out.
If that plays out, it would be amazing to see it come up and reach for the target price of $150 right around the next Earnings report.
Hopefully at that time we'll have a better idea of the current state of the market and be able to use the earnings to help determine the plays for the future.
I'm not the most confident in taking profits now, as I'm trying to keep this in the long term section of my portfolio and this rally could continue on through the week. But after seeing solid gains so quickly, I'm siding with playing it safe and selling in an effort to secure the continuing trend of gains I've been lucky to have since March
The beauty with a company like this in one of the stronger markets, and with a decent dividend yield, it's hardly ever a bad time to add ALGT to your portfolio if you're willing to hold onto it for awhile.
If anyone has any critiques, opinions, etc please feel free to comment & like this simple analysis!
~~Possible quick sell opportunity, with a reentry in the $90-$100 range
~~Overall target price ~$150 around Earnings next month
Allegiant Travel Company With the airlines starting to implement face coverings as mandatory many airlines are even creating new seat plans to respect social distancing. This although brings and invites certain guest will certainly raise the price of tickets as load factors go up. Allegiant operates on an ultra low cost carrier model and will most likely continue to work towards selling as much space in their aircraft as possible. with a lot of cash reserves leaving them to have positive outlooks for holding operations during slower months.
Easy way back to the highs with Sheldon as VP, COO and CFOIn since yesterday's low, hoping to get one more dip to today's low to double my position.
Impulse Wave health left structure ailing w/ Fade1. 3rd impulse wave
2. exhaustion candles on all timeframes
3. 2x top on trend line
4. Next to test center line Andrew's Pitchfork
5. Throwback on 2x top breakout from low 200s to create reverse polarity
6. RSI Trend line violated. Starting to diverge negatively.
ect......You get the gist
ALGTFound this stock scanning insiders buying, follow the money. On breakout would buy with good stop no greater than 8%...manage risk and expect a run to 214 area cup flipped upside down
