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Southwest Air Bullish Moving Average Crossover Alert (LUV)

By James Quinn

Southwest Air (NYSE:LUV) shares have crossed bullishly above their 10-day moving average of $52.16 on a volume of 1.2 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Southwest Air share prices have been bracketed by a low of $35.42 and a high of $66.99 and are now at $52.35, 48% above that low price. The 200-day and 50-day moving averages have moved 0.39% higher and 0.35% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Southwest Air on March 28th, 2018 by issuing a Downtrend alert when the shares were trading at $56.39. Since that call, shares of Southwest Air have fallen 8.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses southwest air

Ticker(s): LUV