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Tuesday, November 03, 2009

Southwest Airlines (LUV) Bearish Technical Alert - Trend Down 4.4%

Comtex

Nov 03, 2009 (SmarTrend(R) Spotlight via COMTEX) ----Southwest Airlines (NYSE:LUV) is trading 0.4% lower (down $0.03 to $8.21) today on volume of 2,714,516 shares. The stock has traded within a 52-week range of $4.95 and $12.19.

Southwest Airlines is currently below its 50-day moving average of $9.10 and should find support at its 200-day moving average of $7.52.

SmarTrend is bearish on shares of LUV and our subscribers received a Downtrend alert on October 28, 2009 at $8.59, which has returned 4.4% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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