#cash #bullish #buy
Southwest Airlines Co. (NYSE:LUV) broke out on 3 February at 46.55, and confirmed on 16 March at 50.54. Thus, garnering an LTN Cash Pile Buy rating with a 1 yr price target of 76.share.
Our outlook is Bullish with a Very Bullish Bias in here, as our Key technical indicators are now Very Bullish. The overhead resistance is Nil, the support is deep, and the candlestick pattern is Bullish.
LUV is the largest US air carrier by market cap at $36.1-B, more than 2X its level in May of last year, but still short of its peak of nearly $40-B in December 2017. The stocks is trading at 22X projected Y 2022 earnings.
Southwest Airlines Co. operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets.
As of 31 December 2020, the company operated a total fleet of 718 Boeing 737 aircrafts; and served 107 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. Its services also cover destinations in Hilo on Hawaii; Cozumel, Mexico; Steamboat Springs, Colorado; Miami, Florida; Palm Springs, California; Montrose, Telluride and Crested Butte, Colorado.
Plus, the company provides inflight entertainment and connectivity services on Wi-Fi enabled aircrafts; and Rapid Rewards loyalty program that enables program members to earn points for dollars spent on Southwest base fares. In addition, the company provides a suite of digital platforms to support customers’ travel needs, including Southwest.com, mobile website, and apps; and SWABIZ, an online booking tool.
Also, it offers ancillary services, such as Southwest’s EarlyBird Check-In, upgraded boarding, and transportation of pets and unaccompanied minors. The company was founded in Y 1967 and is HQ’d in Dallas, Texas.
Have a Happy St. Patrick’s Day, Keep the Faith!
