Southwest Airlines's stock is down 3.9% to $12.72 on heavy trading volume. Approximately 8.6 million shares have changed hands today vs. average 30-day volume of 6.7 million shares. Unusually high volume can signify a potential turning point or validate a breakout.
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 share prices have moved between a 52-week high of $13.58 and a 52-week low of $7.76 and are now trading 64% above that low price at $12.72 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.7%.
Southwest Airlines (NYSE:LUV) has potential upside of 4.0% based on a current price of $12.72 and analysts' consensus price target of $13.23. The stock should find initial support at its 50-day moving average (MA) of $11.92 and further support at its 200-day MA of $9.99.