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

By David Diaz

Today, shares of Southwest Air (NYSE:LUV) have fallen below their 10-day MA of $51.92 on a volume of 1.0 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower 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 $64.39 and are now at $51.56, 46% 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 July 21st, 2017 by issuing a Downtrend alert when the shares were trading at $60.20. Since that call, shares of Southwest Air have fallen 13.3%. 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