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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 $54.96 on a volume of 1.0 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Southwest Air share prices have moved between a 52-week high of $64.02 and a 52-week low of $44.28 and are now trading 24% above that low price at $54.81 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Southwest Air on August 29th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $51.99. Since that recommendation, shares of Southwest Air have risen 5.9%. We continue to monitor LUV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses southwest air

Ticker(s): LUV