Allegiant Travel Co

ALGT is in a Stage 4 decline after breaking key support, with an active Support Failure pattern indicating accelerating selling pressure. Price has formed lower highs and is trading below its declining short-term EMAs, which now act as resistance. With neutral OB/OS signals and no exhaustion evident, we will sell into rallies at the 9/21 EMA cluster under a Momentum + EPS framework to participate in the ongoing downtrend.

• ↑Q1 revenue $732.4M (+9.6% YoY), marking a first‐quarter high
• ↑Adjusted operating margin of 14.9% (+6pp YoY) shows disciplined cost control
• ↓Shares trade ~33% above fair value ($114.65 vs $86.34), risking reversion