Allegeint Breaks 200 Day Average, Up 6%

    Author Chelsea RohPosted on Categories Airlines, IndustrialsTags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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    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.

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    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.

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    Author Chelsea Roh
    About the author: Chelsea Roh is a freelance writer. Her current focus is blockchain technology and cryptocurrency. One could even call her a blockchain "enthusiast." In addition to content writing, she is an experienced SEO and Social Media Strategist. Before moving to Canada, she spent 10+ years marketing and working hands-on in the medical practice industry within the U.S.A.