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Bullish Moving Average Cross by Southwest Air (LUV)

By David Diaz

Southwest Air (NYSE:LUV) shares have crossed bullishly above their 10-day moving average of $53.34 on a volume of 187K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Southwest Air have traded between a low of $44.28 and a high of $61.07 and are now at $53.82, which is 22% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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.

Keywords: moving crosses southwest air

Ticker(s): LUV