19.01.2016 - Shares of Southwest Airlines can jump upwards after a recent fall

Southwest Airlines stock price continues to fall within the local descending channel after failed to gain a foothold above the resistance level at 47.00 and broke through a sloping support line. At the moment, quotes are near the level of 40.00 and further reducing is possible to the levels 38.00 and 35.00. On the other hand, in case of correction, quotes will return to the resistance near 42.00. We expect a correction in the near future, but the current negative trend is likely to continue in the coming weeks.

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