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Southwest Air Crosses Above its 10-day MA (LUV)

By Amy Schwartz

Today, shares of Southwest Air (NYSE:LUV) have advanced above their 10-day MA of $52.19 on a volume of 255K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Southwest Air has traded in a range of $44.28 to $64.02 and is now at $52.63, 19% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Southwest Air and will alert subscribers who have LUV in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses southwest air

Ticker(s): LUV