Another legacy company, which has been a market leader in its sector for decades now too, also down to its 0.887 Fib, its last remaining support level. Its COVID low level is at $22 too.
Significantly below its 50 and 200 Day MA as well.
The travel sector has not been performing well over the last few weeks due to weak consumer sentiment
But as a long term hold, there are bargains on sale here.
$LUV holding above $22 is one of them.
Trading Chairman
2024-11-04 22:21:17 +0000 UTC