SKYW (SkyWest, Inc.) – Bullish Swing / Position SetupSkyWest, IncBATS:SKYWshortermtrader📌 Trade Configuration ConceptLevel Entry$99.06 Stop Loss (SL)$90.60 (-8.5%) Take Profit (TP)$120.00 (+21.1%) Risk/Reward Ratio~2.5 : 1 Estimated Probability70% – 75% 🔍 Fundamental Backing SkyWest delivered a solid Q1 2026 performance: EPS: $2.50, beating the $2.21 consensus by +13.1%. Revenue: $1.01B, up +7% YoY, backed by a fleet of 487 aircraft. Key Catalysts: Citi raised its price target to $105, noting that most airlines are expected to beat Q2 estimates and provide strong forward guidance. Valuation remains attractive – Forward P/E stands at ~8.83, significantly below the industry average (~11.85). Analyst consensus averages ~$117**, with a high target of **$140 (6 analysts). The GF Value™ estimate sits at $106.55, indicating the stock is modestly undervalued. 📊 Technical Picture Current Price: ~$99.93 (+3.03% in the last 24h). Momentum: Strong bullish technical rating ("Buy") with the stock outperforming the S&P 500 by +11.61% over the past month. Key Support (SL level): $90.60 – a dynamic support level that has held recent dips. Resistance Ladder: $105** (Citi target) → **$110 → $115** → **$120 (our TP). Moving Averages: Price is trading well above the 20-day EMA ($84.34) and 50-day SMA ($87.44), confirming a healthy uptrend. 🛡️ Risk & Position Management Position Sizing: Risk no more than 1.5% – 2% of your total capital on this trade. Partial Profit Booking: Consider closing 50% of the position at $110 and moving the SL to breakeven. Trailing Stop: Once price clears $115, tighten the trailing stop to protect profits as it runs toward $120. ⚠️ Key Risks to Monitor Citi warns that a significant portion of the recent upside may already be priced in. Zacks Rank #4 (Sell) – short-term sentiment suggests potential consolidation. Industry-wide risks include rising operational costs and fuel price volatility. 🧠 Final Thought SKYW combines strong fundamentals (EPS beat, revenue growth, cheap valuation) with bullish technical momentum and analyst backing ($105–$140 price targets). The setup offers a solid 2.5:1 risk/reward ratio, making it an attractive candidate for swing and position traders looking for sustained upside over the coming weeks. 📝 Disclaimer: This is for educational and informational purposes only and does not constitute financial advice. Always perform your own due diligence and assess your risk tolerance before entering any trade.