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LUV

While the currencies sleep.... LUV looks AMAZING!I'm a heavy forex trader but sometimes the forex market just sits and makes us wait and when that happens I jump all over stocks (and vice versa) Right now I'm watching Southwest and it looks great, $50 is a major support zone and channel low, if that holds I like getting long (vertical put spread or call options) for a move into the high $50's. However if $50 does not hold I don't want to hang onto this stock, it could get messy below that support. Happy trading, let's make some bucks!
NYSE:LUVLong
by JaredJJohnson
2
Southwest Airlines Losing Some LUV?On March 30, 2017 Southwest Airlines Co. (LUV) 20 day moving average (MA) crossed below its 50 day MA. Historically this has occurred 94 times. When this happens, the stock does not always continue to drop. It has a median gain of 3.775% and maximum gain of 52.802% over the next 10 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 47.8715. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is neutral and looking for direction. The true strength index (TSI) is currently -5.0019. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is trending down. The negative vortex indicator (VI) is currently 1.0680. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending downward but the positive vortex indicator is climbing and the negative indicator is beginning to drop. Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be slightly trending downward. Based on historical movement compared to current levels and the current position, the stock could drop 3.86% over the next two weeks. The stock recently broke out of its upward trend channel and has entered a narrower down channel. The exact width of the current channel is still to be determined. There is noticeable support around 51.75 which could be met in the near-term.
NYSE:LUVShort
by StockSignaler
LUV: Great accumulation at key level$LUV is showing a great accumulation pattern, right above an older 'Key earnings support' level. We can long at market open risking a drop to 35.40, and aiming for a retest of 39.97 in the intermediate term. This is a good way of leveraging a potential retracement in crude oil to be seen soon, possibly after the next OPEC meeting shows leaders fail to reach an agreement, or if they simply 'freeze' production at record levels (which is the same as sitting on their hands, and maintaining the status quo). Feel free to comment. Also, if interested in learning more about my private tuition and/or trading signals service, message me privately. Good luck, Ivan Labrie.
NYSE:LUVLong
by IvanLabrie
1
Where is LUV?Southwest airlines made a news today so thought take a peek. It's gone. For next few weeks to months LUV will have choppy trade. Those who are good in options strategies like butterfly, condor etc (some one who is pro and can advantages of choppy sidewise trade) make a lots of money for sure. Once they break the black line after choppy noisy trade look for the 1stgreen line for next support zone. Red line for now will act as resistance. Anything touching that line is a short. It will easily go 2009 low guys!!!! :) Enjoy the trading session if you LUV rap: The Black Eyed Peas - Where Is The Love? www.youtube.com news: finance.yahoo.com
NYSE:LUVShort
by sum1