Southwest will benefit from lower oil prices and the continued recovery of the american economy. It is well managed with a good balance sheet and expanding with the integration of AirTran. Conviction buy for growth at a reasonable price. Technically speaking it has made a strong recovery from the recent turmoil and still shows strong momentum. My stop is placed at...
When the trend is strong, and buyers keep coming, short sellers get burned. Year to date up 70%, every metrics u check it only tells you more upside is coming ROE, ROI, ROA not great but compared in the industry seems the best. The price is above 35% from its 200sma rare to see in the market. Short sellers stayed away from this as they get burned again and again...
LUV has been going up since 12/2012 and it doesn't seem to know how to quit. It is on a landslide run and its major support is the 50 day EMA.
It is showing a little bit of weekness right now so a pullback close to 28 would be a good entry point into this one. I have no reason to believe that this uphill sprint will fail anytime soon. 6/26
Finally made it over trend resistance and into what I hope is a new bull session.
The technicals aren't perfect, but history doesn't care. Still up in all time highs with more room to grow, if patterns stick I'll have more option money in June.
I think it's possible we could drop back into the previous zone, the volume is not yet there and I'm interested in what...
Southwest is having a really difficult time breaking 14.70 and it is near the peaks on the weekly chart.
It has made new highs, but given the overbought signal on the stoch and this recent difficulty to push higher I believe a short play with a stop around 14.85 is in order.
HAPPY TRADING!
My previous LUV chart failed with a very little loss. But the idea is the same. Look on the weekly charts and you will see how this pattern is copying a previous pattern starting in Oct with similar highs. It is now testing a stronger resistance zone than my previous chart and formed a dark cloud cover at this zone.. Cover around 12. Happy trading.
