Learn to Evaluate (ALGT) using the Charts

February 28, 2024, 22:02 pm ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ALGT

• Buy ALGT slightly over 72.43 target 89.74 stop loss @ 72.22 Details

The technical summary data tells us to buy ALGT near 72.43 with an upside target of 89.74. This data also tells us to set a stop loss @ 72.22 to protect against excessive loss in case the stock begins to move against the trade. 72.43 is the first level of support below 73.92 , and by rule, any test of support is a buy signal. In this case, support 72.43 is being tested, a buy signal would exist.

• Short ALGT slightly under 89.74, target 72.43, stop loss @ 90 Details

The technical summary data is suggesting a short of ALGT as it gets near 89.74 with a downside target of 72.43. We should have a stop loss in place at 90though. 89.74 is the first level of resistance above 73.92, and by rule, any test of resistance is a short signal. In this case, if resistance 89.74 is being tested, a short signal would exist.

Swing Trading Plans for ALGT

• Buy ALGT slightly over 78.31, target 89.74, Stop Loss @ 78.08 Details

If 78.31 begins to break higher, the technical summary data tells us to buy ALGT just slightly over 78.31, with an upside target of 89.74. The data also tells us to set a stop loss @ 78.08 in case the stock turns against the trade. 78.31 is the first level of resistance above 73.92, and by rule, any break above resistance is a buy signal. In this case, 78.31, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ALGT slightly near 78.31, target 73.57, Stop Loss @ 78.54. Details

The technical summary data is suggesting a short of ALGT if it tests 78.31 with a downside target of 73.57. We should have a stop loss in place at 78.54 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 78.31, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ALGT

• Buy ALGT slightly over 74.34, target 78.31, Stop Loss @ 74.17 Details

If 74.34 begins to break higher, the technical summary data tells us to buy ALGT just slightly over 74.34, with an upside target of 78.31. The data also tells us to set a stop loss @ 74.17 in case the stock turns against the trade. 74.34 is the first level of resistance above 73.92, and by rule, any break above resistance is a buy signal. In this case, 74.34, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ALGT slightly near 74.34, target 73.57, Stop Loss @ 74.51. Details

The technical summary data is suggesting a short of ALGT if it tests 74.34 with a downside target of 73.57. We should have a stop loss in place at 74.51 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 74.34, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Allegiant Travel Company (ALGT) available here: ALGT.

ALGT Ratings for February 28:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	55.37
P2	72.81	73.57	72.43
P3	74.34	78.31	89.74

AI Generated Signals for ALGT

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Allegiant Travel Company (NASDAQ: ALGT) report below can help you understand how to do this. The trading plans for ALGT, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.