Mar. 16 at 11:43 PM
$LUV is on my GRP list but no one seems to like it these days. The war has pushed jet fuel prices extremely high. Congress won’t pay the TSA workers so the check-in lines now go out the door and around the block. And Southwest has started to assign seats and charge for them. Everything seems to be going wrong for Southwest and customer complaints seem to be rising. The numbers, however, say things are different and are about to turnaround for the better. Earnings are moving up fast. So take a look at the chart. There seems to be two levels of support -
$38 and
$35. That’s the box in the chart below. And that’s where the entry, or buying zone, should be. Lay on a price target of
$50 and you get a 30% to 40% ROI, depending on your entry.
And that’s a nice return.
Options are weekly.
