Chart of the Day - Alaska Air Group (ALK)

The "Chart of the Day" is Alaska Air Group (ALK), which showed up on Wednesday's Barchart "All Time High" list. Alaska Air on Wednesday posted a new all-time high of $72.15 and closed up 2.37%. TrendSpotter issued a Buy signal on Dec 1 at $70.18. In recent news on the stock, Raymond James on Dec 6 initiated coverage on Alaska air with a Market Perform. Citigroup on Nov 22 reiterated its Buy rating on Alaska Air with a target of $81 and recommended using the pullback as a buying opportunity. Citigroup on Nov 29 called Alaska Air its favorite name in the space. Alaska Air, with a market cap of $2.5 billion, is a holding company that has two principal airline subsidiaries: Alaska Airlines, Inc. and regional Horizon Air Industries.