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Stock Investors Bid Up Shares of Southwest Airlines, Up 1.3%

Published on Wed, 03/27/2013 - 12:25
By Robert Cotter

Southwest Airlines (NYSE:LUV) is one of today's biggest movers, up 1.3% to $13.12. The S&P is trading lower by 0.3% to 1,559 and the Dow is trading 0.3% lower to 14,513.

Over the past year, Southwest Airlines has traded in a range of $7.76 to $13.22 and is now at $13.12, 69% above that low. The 200-day and 50-day moving averages have moved 0.64% higher and 0.95% higher over the past week, respectively.

Southwest Airlines Co. is a domestic airline that provides primarily short-haul, high-frequency, point-to-point service. The Company offers flights throughout the United States.

Southwest Airlines (NYSE:LUV) has potential upside of 0.9% based on a current price of $13.12 and analysts' consensus price target of $13.23. The stock should find initial support at its 50-day moving average (MA) of $11.79 and further support at its 200-day MA of $9.92.

By Robert Cotter
rcotter@fnno.com

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