Southwest Airlines (LUV) – Opportunistic Growth – November 24th, 2020

The bullish DailyPlay for Tuesday, November 24th is Southwest Airlines (LUV). LUV has experienced an 8.61% gain over the past month as vaccine optimism fuels airline stocks.  

Fundamental View

  • LUV primary services leisure travel, which is expected to rebound faster than corporate travel that other legacy airlines are focused on. 
  • Maintained a negative net debt position throughout the pandemic and added cities to its network to capitalize on the return of air travel. 
  • Earnings: Jan 21st (58 Days)

Technical View

  • Triple top at $47 provides a large breakout opportunity with strong relative strength.
  • Both 1M and 6M trends are bullish
  • Strong relative strength, technical score (8 out of 10)