$LUV Southwest Airlines Co Stock Robo Analyst June 8 2020 #LUV

Southwest Airlines Co (LUV) “On a long-term technical basis, the stock (LUV) is trading below its 200-day moving average which generally implies it is in a negative trend. If the new level of support at 37.31 holds, look for a bounce to the next resistance level at 41.58. If the stock breaks up through resistance at 41.58 a positive trend change is being attempted. Look for a possible long-term rally to previous highs.

The stock has support at 37.31 and 31.80. If the stock breaks down through support at 37.31 then it will probably continue lower to 31.80. The stock has resistance at 41.58 and at 47.59. If the stock breaks up through resistance at 41.58 then it will probably continue higher to 47.59. The 200-day moving average is at 47.59. This will also act as resistance. The stock is extremely overbought according to the Stochastic Indicator (86.98).”