Southwest Airlines (LUV) NewsBite - LUV Rises on November Traffic Data
Posted: Friday, December 04, 2009 10:06 AM EDT
By: Market Intelligence Center Staff
Southwest Airlines (NYSE: LUV) opened at $9.61. So far today, the stock has hit a low of $9.61 and a high of $9.98. LUV is now trading at $9.99, up $0.49 (5.16%). Over the last 52 weeks the stock has ranged from a low of $4.95 to a high of $10.20. LUV reported this morning that its November traffic rose 11.7 percent over the year-ago period. Technical indicators for the stock are bullish and S&P gives LUV a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on LUV the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 8 range. [ABR-Seven Summits Strategic Investments NewsBite]
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