Southwest Airlines Bearish Moving Average Crossover Alert (LUV)
Today, shares of Southwest Airlines (NYSE:LUV) have crossed bearishly below their 10-day moving average of $38.61 on a volume of 2.2 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 Airlines share prices have moved between a 52-week high of $51.34 and a 52-week low of $31.36 and are now trading 22% above that low price at $38.40 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.4%.
SmarTrend is monitoring the recent change of momentum in Southwest Airlines. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Southwest Airlines in search of a potential trend change.
Keywords: moving crosses Southwest Airlines