Alaska Air Group could regain its upward trend after having run out of steam.

According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. Based on current prices, the company is valued at 0.71 times its sales. In addition, analysts have recently revised upward their earnings estimates and now expect a profit of USD 5.53 per share for the current year.

Following a bullish wave, the stock now shows a slight decline that led it towards its USD 55.7 medium-term support, corresponding to the 100-day moving average. On this level, remobilization of buyer flows would allow an uptrend in the medium and long term.

Consequently, the most active investors can buy the share at the current price and target a return toward USD 61 then USD 67.5. A stop loss can be placed under the USD 55.7 support.