Thursday, August 24, 2017 11:37:25 AM
Yesterday, I talked about how all of the major airline stocks have been under pressure since early July. This industry group has been steadily declining over the past eight weeks. The sector is now getting very oversold, but that does not mean that these stocks will not trade lower in the near term. Many of these stocks in the group are now approaching very attractive trade levels.
Southwest Airlines Co(NYSE:LUV) is a stock that is now on my radar. This stock topped out on July 7th at $64.39 a share. Today, LUV stock is trading as low as $51.65 a share, so you can see how much this stock has sold off already. I will now be watching the $48.75 area as the next major support spot on the chart. This was a level that was tested in late January 2017 and should serve as major support when retested.
Nicholas Santiago
InTheMoneyStocks
Recent LUV News
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- Southwest Airlines Co. 2024 Investor Day • PR Newswire (US) • 09/20/2024 02:37:00 AM
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- SOUTHWEST AIRLINES ANNOUNCES FINAL LABOR CONTRACT RATIFIED • PR Newswire (US) • 09/16/2024 11:00:00 AM
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- GameStop plunges 11% on stock offering, DJT drops post-debate, GSK fails shingles vaccine trial • IH Market News • 09/11/2024 10:25:41 AM
- Form DFAN14A - Additional definitive proxy soliciting materials filed by non-management and Rule 14(a)(12) material • Edgar (US Regulatory) • 09/10/2024 09:04:49 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 09/10/2024 08:29:25 PM
- Elliott Statement on Southwest Airlines' Board Resignations • PR Newswire (US) • 09/10/2024 01:45:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 09/10/2024 11:39:49 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/10/2024 11:38:03 AM
- SOUTHWEST AIRLINES ANNOUNCES NEXT PHASE OF COMPREHENSIVE BOARD REFRESHMENT • PR Newswire (US) • 09/10/2024 11:27:00 AM
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- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 09/06/2024 08:59:22 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/04/2024 10:31:56 PM
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- SOUTHWEST AIRLINES BRINGS BACK ITS LIMITED-TIME COMPANION PASS PROMOTION! • PR Newswire (US) • 09/03/2024 03:00:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 12:34:12 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 12:33:47 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 12:33:24 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 12:32:58 PM
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