StockCharts TV on $LUV (Oct 28, 2026)
Southwest is a good breakout for now, closing above the 200-day moving average — resistance since it failed to hold it in August — and above late September/early October highs, with RSI above 60; the breakout is validated only if follow-through comes tomorrow.
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Finally, the chart of Southwest Airlines. Airlines have actually been pretty good this week. Um uh this chart in particular I think is noteworthy on Southwest because if you look major low around 38 and if you look that's basically retesting the March, April, May lows very similar to the chart of UPS.
We then kind of come back to that level after failing at the 200 day moving average. So look back here in the spring. We hold the 200 day a number of times. Great entry point. Here we failed to hold the 200 day in August.
Now the 200 day becomes resistance. So I am waiting patiently for a confirmed break above the 200 day. Are we getting that this week? Maybe. Maybe. We closed above the 200 day moving average.
That's also taking us above the late September early October highs. I think that's a good breakout if we get the validation tomorrow. If we get the follow through, if the RSI continues to push above 60, which it did today.
So, I would say for now, good breakout. Do we get the follow through?