In Tuesday’s trades, Allegiant Travel Company (NASDAQ:ALGT) ‘s shares sailed above their 200 day average of $141.98, trading as high as $143.30 per share. At press-time, Allegiant Travel Company shares are trading up 6% on the day.
Source: streetsignals.com
As per the chart above, ALGT hit its year lows in its 34th and then again in its 36th-week trading at 114.56 per share. Since then, it has begun to rebound and continue to climb.
ALG makes up 3% of the SPDR S&P Transportation ETF (NYSE:SPY) according to the ETF Channel and it is currently up around 1.8% on the day.
Featured Image: twitter
