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SmarTrend Watching for Potential Pullback in Shares of Southwest Air After 3.21% Gain

By Nick Russo

Southwest Air (NYSE:LUV) traded in a range yesterday that spanned from a low of $50.65 to a high of $52.44. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $51.33 on volume of 1.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Southwest Air and will alert subscribers who have LUV in their portfolio or watchlist when shares have changed trend direction.

Southwest Air share prices have moved between a 52-week high of $64.02 and a 52-week low of $44.28 and are now trading 18% above that low price at $52.36 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.

Keywords: rebounders southwest air

Ticker(s): LUV