TMCnet News
Next Resistance Level for Southwest Airlines (LUV) is $10.98Jan 04, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Southwest Airlines (NYSE:LUV) have bullishly opened above the pivot of $10.64 today and have reached the first resistance level of $10.85. Investors may be interested in a cross of the next upside pivot targets of $10.98 and $11.31. Potential upside of 11.4% exists for Southwest Airlines, based on a current level of $10.90 and analysts' average consensus price target of $12.14. Southwest Airlines shares have support at the 50-day moving average (MA) of $9.55 and additional support at the 200-day MA of $8.97. Southwest Airlines share prices have moved between a 52-week high of $10.92 and a 52-week low of $7.76 and are now trading 40% above that low price at $10.90 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.0%. SmarTrend recommended that subscribers consider buying shares of Southwest Airlines on May 31st, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.99. Since that recommendation, shares of Southwest Airlines have risen 19.3%. We continue to monitor LUV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |