Southwest Airlines Co (LUV): Price Down $-0.42 (-0.66)% Over Past Day, Down $-0.43 (-0.67)% Over Past Hour

The Hourly View for LUV

At the time of this writing, LUV (Get Ratings)’s price is down $-0.43 (-0.67%) from the hour prior. LUV has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning below it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

LUV’s Technical Outlook on the Daily Chart

At the moment, LUV’s price is down $-0.42 (-0.66%) from the day prior. This move is a reversal from the day prior, which saw price move up. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Southwest Airlines Co’s price action over the past 90 days can be seen via the chart below.

LUV

For LUV News Traders

Investors and traders in LUV may be particularly interested in the following story that came out in the past day:

Southwest (LUV) Recalls 209 Pilots As Travel Demand Improves

Southwest (LUV) calls back pilots to meet the anticipated increase in air-travel demand during the summer season.

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