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

By James Quinn

Today, shares of Southwest Airlines (NYSE:LUV) have advanced above their 10-day MA of $37.04 on a volume of 1.1 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher 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 19% above that low price at $37.21 per share. 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 Airlines on July 21st, 2016 by issuing a Downtrend alert when the shares were trading at $38.25. 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