ALASKA AIR GROUP (ALK-NYSE): Technical Viewpoint: From a low of $15.38 on Jun 11, 2009 prices rallied, reaching a high of $18.35 on Jun 19, 2009. A decline saw prices pull back, reaching a low of $16.07 on Jun 23, 2009. Another rally saw prices penetrate resistance, closing 7/10/09 at $20.34. Technicals: MACD Index (MACD): A Buy Alert! was given on Jun 2, 2009 when the solid line crossed the dotted line to the upside. Support: Remains at $18.75. Resistance: Is at $21.03. Point & Figure: Reversed to the upside on Jun 26, 2009. A P&F upside reversal takes place at $19.00. Summary: Technical indicators have turned bullish. BUY! ALASKA AIR GROUP (ALK-NYSE) @ $20.63 Stop: Use a protective stop of $19.13. ALASKA AIR GROUP is currently trading @ $20.34 plus $1.54 on Jul 10, 2009. Price Objective: $29.00. Risk/Reward: $1.50 VS. $8.37. Today's Risk Reward Ratio: 6:1