EARN25

LUV Claws Higher Amid Analyst Praise

The equity is eyeing its fifth-straight win

Digital Content Manager
Mar 23, 2021 at 10:19 AM
facebook X logo linkedin


The shares of Southwest Airlines Co (NYSE:LUV) are inching higher this morning, following an upgrade from Argus. The analyst upped its rating on Southwest Airlines to "buy" from "hold," calling it "one of the best low-cost carriers," and citing pre-pandemic earnings stability and strong management. LUV is up 0.1% at $59.50 at last check. 

LUV has rallied since early this year, bouncing off the 80-day moving average in late January. The stock is now up over 27.6% in 2021, with additional support at the 20-day moving average guiding shares higher. 

Coming into today, the analyst sentiment surrounding LUV was resoundingly optimistic, with all but one of the 15 analysts in coverage calling the stock a "buy" or better. The 12-month consensus price target of  $60.89, meanwhile, sits at a 2.2% premium to last night's close. 

Now looks like a great time to get in on LUV's next move with options. The equity's Schaeffer's Volatility Index (SVI) of 36% stands higher than all but one percent of readings from the past year. This implies options traders are pricing in very low volatility expectations for the equity right now. 

 

You Don’t Need 25 Alerts -- You Need ONE You Can Trust!

That’s the idea behind Trade of the Week, Schaeffer’s newest trade alert.

Every Monday morning before the opening bell, you’ll receive a single, expertly researched trade recommendation -- built from the same proprietary research we’ve been using for over four decades.

It’s not just a signal.

It’s a plan designed for traders who are tired of jumping from alert to alert without ever finding their edge.

No juggling alerts. No switching directions mid-week. Just one clear, expertly researched trade idea -- delivered before the market even opens.

👉 JOIN RIGHT NOW FOR JUST $1 TO GET THE NEXT TRADE!