Saturday, June 20, 2015

$LUV turns up and has a potential of a 1-to-3 risk/reward ratio

  • Airlines are turning up and $LUV is no exception
  • Price is currently at around major support at $34
  • Next resistance levels are at $36 and $38
  • A risk/reward ratio of 1-to-3 at the current price of $34.22 equates to a stop at $33.63 and target at $35.99
  • A trailing stop can be used also

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