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Alaska Air Group Inc. (ALK) trading close to support zone of $25.5
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Posted on 10/22/09 at 2:04pm by Craig Jones
Alaska Air Group Inc. (NYSE: ALK) reported third-quarter net income, excluding special items, of $83 million, or $2.33 per share, which compares to $40 million, or $1.10 a share a year earlier.
Revenues of Alaska Air Group Inc. (ALK) fell to $967.4 million from $1.06 billion a year earlier, leading to a 5.1% drop in ALK stock in afternoon trades to $26.05.
The ALK stock is now close to its support level of $25.5, of its 50 moving average, below which ALK may slip further to $22.
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