SkyWest, Inc. is a company that acts as a parent organization, offering scheduled passenger services in the United States of America, Canada, Mexico, and the Caribbean. It operates through two main segments: SkyWest Airlines and SWC, and SkyWest Leasing. The SkyWest Airlines and SWC segment handles all the revenue and operating expenses, while the SkyWest Leasing segment generates revenue from ownership costs earned through fixed-fee flying contracts. Established in 1972, the company is based in St. George, UT.
SKYW — NASDAQ —
Current RSI of this stock is 61.63, which indicates the strength of buyers.
Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.
Based on our daily trading calls in USA stocks, SkyWest stock price target will be USD 87 - USD 88 in the next 12-14 trading sessions.
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