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LUV trade ideas

LONG $LUVDouble three correction on wave analysis. in the retracement zone 1-1.618 (BUY ZONE). Bullish RSI divergence. It is coming out of TTM squeeze, Low end of StochRSI, Low end of SchaffTrendCycle, MKM just released higher Price Target. Prime time for reversal, was in the same position on 1/31 of this year and it broke out of that squeeze nicely. Just needs a little volume and I think $LUV goes. Price Target is 68.44 which is 100% of wave 1. Stop loss at 54.15 which is below 1.618 on retracement (invalidated). I am currently in Jul 9 $60 Calls.
NYSE:LUVLong
by StkMktBulldog
Southwest Airlines Looks Like It Wants to BreakawaySelling climax and capitulation occurred during period from Mar-2020 thru early Aug-2020. Covid-19 infection rates were shifting into acceleration mode and an effective vaccine had yet to be developed/approved. Economic conditions were deteriorating and the airline industry was barely "hanging by a thread". So what's different? Global economic recovery and loosening of TSA restrictions and CDC guidelines are a relief to both businesses and consumers. That's the fundamental story undergirding this price action in LUV. Technically speaking, LUV is undergoing a consolidation phase which began @ 3 months ago. This weekly chart shows a classic cup-with-handle pattern and typically is followed by a breakout to new highs or, at the very least, a high probability to test prior resistance levels @ 65-67 price levels. This creates a short-term trading opportunity or potential for an extended run for more patient investors who subscribe to the economic recovery investment thesis. Signing off.... J Clinton Hill TechnicallyMacro.com
NYSE:LUVLong
by Technically-Macro
LUV breaks pre-COVID weekly resistance NYSE:LUV has recently broken through weekly pre-COVID resistance. With travel becoming a focus with a world trying to emerge from a pandemic, look for airline stocks to benefit, at least for the medium term. I would look for a retest and possible bounce off that previous resistance level. Wait for the retest, though, and see how that price interacts. For reference, the AMEX:JETS ETF is published. Many of the other airlines are just bumping into their pre-COVID support levels. If they break though, that could be a long trade. If you're looking for an outperformer, though, look for a place to safely jump into NYSE:SAVE .
NYSE:LUVLong
by randomjohn
South west Air line***Analyst Based on analysts offering 12 month price targets for LUV in the last 3 months. The average price target is $56.5 with a high estimate of $65 and a low estimate of $50 ***So far this is the worst airline for insider selling !!!! Zero buying Insider Ownership Percentage: 0.28% Insider Buying (Last 12 Months): $0.00 Insider Selling (Last 12 Months): $36,134,970.44 ***Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term. Well Institutional Ownership Percentage: 74.00% is the highest of all Airline we covered so far. 74% of South West air line shares are owned by institutional investors 73.1% of Alaska Air Group shares are owned by institutional investors -60.9% of United Airlines shares are owned by institutional investors -59.5% of Delta Air Lines shares are owned by institutional investors --44.4% of American Airlines Group shares are owned by institutional investors *** Good ration of Assets to liabilities. Period Ending: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Total Assets 34588 25895 26243 25110 Total Liabilities 25712 16063 16390 15469 Total Equity 8876 9832 9853 9641
NYSE:LUV
by samitrading
LUV It or Hate It So we have a really interesting double pattern, I think the short term is showing strength with a possible ascending triangle that may be bullish. We just came into what I am calling the COVID GAP as airlines dumped after news of the virus. Since the bottom of that tho, we have a rising wedge farther out that could quickly take back any gains from the bullish pattern. I will likely try to play options on both to try to collect highs and lows of each run, short term call- long term put if confirmed. Not to mention earnings around the corner makes it another unknown factor. Stay safe everyone! Key: Dotted Red: Rising Wedge formation Yellow Solid: Ascending Triangle formation Solid Red: Major Support Covid GAP: Possible next leg up if it breaks the bearish pattern.
NYSE:LUV
by Stocks-Snacks
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