Southwest Airlines Bullish Moving Average Crossover Alert
Today, shares of Southwest Airlines (LUV ) have advanced above their 10-day MA of $11.33 on a volume of 2.6 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.Southwest Airlines Co. is a domestic airline that provides primarily short-haul, high-frequency, point-to-point service. The Company offers flights throughout the United States.
Southwest Airlines share prices have moved between a 52-week high of $11.62 and a 52-week low of $7.76 and are now trading 48% above that low price at $11.47 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.2%.
There is potential upside of 15.3% for shares of Southwest Airlines based on a current price of $11.47 and an average consensus analyst price target of $13.23. The stock should find initial support at its 50-day moving average (MA) of $10.58 and further support at its 200-day MA of $9.31.