LUV Stock Forming Inverted V, Might Retest Support Levels at $28

LUV Stock Forming Inverted V, Might Retest Support Levels at $28

1
LUV stock declined over 5% in a week and around 8% in the month. 
2
Southwest Airlines Co.’s majority of shares are free floating and 0.42% are closely held. 
3
The RSI curve shows a steep decline from the overbought zone and forms a bearish divergence. 
LUV stock declined significantly in the yearly time frame as it lost 20.69% of its trading price. At the time of publication, Southwest Airlines, Co. stock was trading at $29.97 which is a decline compared to its previous closing price. 
Will LUV Stock Oppose Decline and Head Towards Resistance?  
On the September 6 trading session, the LUV stock trading range was $29.75 and $30.86. The 52-week trading range of Southwest Airlines Company’s stock is $28.40 and $40.36. 
Southwest Airlines has a market capitalization of $17.851 Billion and a decline of 10.71% is seen compared to the market cap in 2022. TradingView data states that 593.128 Million LUV shares are free floating and

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