Southwest's most recent trend suggests a bullish bias. One trading opportunity on Southwest is a Bull Put Spread using a strike $53.00 short put and a strike $48.00 long put offers a potential 11.61% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $53.00 by expiration. The full premium credit of $0.52 would be kept by the premium seller. The risk of $4.48 would be incurred if the stock dropped below the $48.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Southwest is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Southwest is bullish.
The RSI indicator is at 76.72 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Southwest
Airline Stocks Weaker Even as Oil Retreats, JetBlue, American Downgraded
Wed, 06 Oct 2021 12:32:09 +0000
By Dhirendra Tripathi
Southwest Airlines (LUV) Mandates COVID-19 Vaccines for Staff
Tue, 05 Oct 2021 14:44:02 +0000
Southwest Airlines (LUV) requires all its employees to be either fully vaccinated against COVID-19, or be approved for an exemption on religious, medical, or disability grounds by Dec 8.
Southwest Air Requiring All 56,000 Staff to Be Vaccinated
Tue, 05 Oct 2021 10:27:00 +0000
Southwest Air said it's adopting federal rules, which mandate that federal contractors be vaccinated.
Southwest Airlines to comply with Biden vaccine mandate by Dec. 8
Mon, 04 Oct 2021 21:48:19 +0000
Southwest Airlines said on Monday it will comply with a Dec. 8 deadline set by President Joe Biden for its employees to get vaccinated against COVID-19. The deadline, set last month under an executive order signed by Biden, covers all federal contractors. Unless employees receive and exemption, they must comply “to continue employment with the airline,” Southwest said.
UPDATE 1-Southwest Airlines to comply with Biden vaccine mandate by Dec. 8
Mon, 04 Oct 2021 21:39:11 +0000
Southwest Airlines said on Monday it will comply with a Dec. 8 deadline set by President Joe Biden for its employees to get vaccinated against COVID-19. The deadline, set last month under an executive order signed by Biden, covers all federal contractors. Unless employees receive and exemption, they must comply “to continue employment with the airline,” Southwest said.
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