Downgrade Alert for Southwest Airlines (LUV)
Southwest Airlines (NYSE:LUV) was downgraded from Buy to Hold at Argus Research today. The stock closed yesterday at $37.36 on volume of 11.4 million shares, above average daily volume of 6.2 million.
Southwest Airlines Co. is a domestic airline that provides primarily short-haul, high-frequency, point-to-point service. The Company offers flights throughout the United States.
There is potential upside of 42.6% for shares of Southwest Airlines based on a current price of $37.36 and an average consensus analyst price target of $53.29. Southwest Airlines shares should first meet resistance at the 200-day moving average (MA) of $41.68 and find additional resistance at the 50-day MA of $44.17.
Southwest Airlines share prices have moved between a 52-week high of $51.34 and a 52-week low of $31.36 and closed yesterday at 19% above that low price at $37.36 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 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: analyst upgrades/downgrades Southwest Airlines