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Allegiant Travel Company Shares March Higher, Can It Continue?

Zacks Equity Research
In the latest trading session, Molina (MOH) closed at $142.09, marking a +1.01% move from the previous day.

As of late, it has definitely been a great time to be an investor in Allegiant Travel Company ALGT. The stock has moved higher by 3.7% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider ALGT’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as ALGT has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.

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