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Next Resistance Level for Southwest Air (LUV) is $60.21

By James Quinn

Shares of Southwest Air (NYSE:LUV) have bullishly opened above the pivot of $59.69 today and have reached the first resistance level of $59.99. Analysts will be watching for a cross of the next upside pivot targets of $60.21 and $60.73.

In the past 52 weeks, shares of Southwest Air have traded between a low of $35.42 and a high of $66.99 and are now at $59.91, which is 69% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.4%.

There is potential upside of 23.2% for shares of Southwest Air based on a current price of $59.91 and an average consensus analyst price target of $73.80. Southwest Air shares have support at the 50-day moving average (MA) of $44.17 and additional support at the 200-day MA of $41.68.

SmarTrend is monitoring the recent change of momentum in Southwest Air. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Southwest Air in search of a potential trend change.

Keywords: pivot alerts southwest air

Ticker(s): LUV