OptionsPlay DailyPlay

The bullish DailyPlay we chose for Monday August 17th is Southwest Airlines Co. (LUV). LUV is part of the Industrials Sector (XLI). Recently, XLI took a nice bounce higher off its $53.03 support level as the 1-month trend turned bullish on Friday.

Southwest Airlines Co.’s 1-month and 6-month trends turned bullish on Friday after recently breaking through its $38.40 resistance level, which now becomes support. With a technical score of 6 (out of 10), LUV looks to continue its positive momentum higher towards $43.00.

View this trade idea on $LUV