• Return to Headlines

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

By Shiri Gupta

Southwest Airlines (NYSE:LUV) shares have crossed bearishly below their 10-day moving average of $38.93 on a volume of 1.3 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Southwest Airlines share prices have been bracketed by a low of $31.36 and a high of $51.34 and are now at $38.71, 23% above that low price. 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 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 10.1%. 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