Southwest Airlines Company(LUV) is in an downtrend but momentum is showing some life

(31-Mar-2008) (31-Mar-2008) Southwest Airlines Company(LUV) closed at 12.03, down -0.16 or -1.31 % today. Based on our analysis, Southwest Airlines Company(LUV) is in an downtrend but momentum is showing some life.

The closing price of Southwest Airlines Company(LUV) is below its 50 day moving average of 12.29 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Southwest Airlines Company(LUV) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 25-Mar-2008, about 5 trading days ago.