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Southwest Airlines (LUV) Crosses Pivot Point Support at $13.10
[April 02, 2013]

Southwest Airlines (LUV) Crosses Pivot Point Support at $13.10

Apr 02, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Southwest Airlines (NYSE:LUV) have bearishly opened below the pivot of $13.31 today and have reached the first support level of $13.10. Should the shares continue to fall, the support pivots of $12.98 and $12.65 will be of interest.

Southwest Airlines has overhead space with shares priced $13.13, or 0.8% below the average consensus analyst price target of $13.23. The stock should find initial support at its 50-day moving average (MA) of $11.92 and further support at its 200-day MA of $9.99.

Over the past year, Southwest Airlines has traded in a range of $7.76 to $13.58 and is now at $13.13, 69% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.4%.

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 47.2%. 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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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