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Southwest Airlines Bearish Moving Average Crossover Alert (LUV)

By Shiri Gupta

Southwest Airlines (NYSE:LUV) crossed under its 10-day moving average of $42.27 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.

Over the past year, Southwest Airlines has traded in a range of $31.36 to $51.34 and is now at $41.93, 34% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Southwest Airlines on April 29th, 2016 by issuing a Downtrend alert when the shares were trading at $44.05. Since that call, shares of Southwest Airlines have fallen 3.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Southwest Airlines

Ticker(s): LUV