Futures and Commodity Market News

Mon May 12, 2008

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May 09, 2008 (Fresh Brewed Media via COMTEX) -- Southwest Airlines Co. (LUV) opened at 13.06. So far today, the stock has hit a low of 12.92 and a high of 13.10. LUV is now trading at 12.87, down 0.36 (-2.76%). The stock hit its 52 week high of 16.96 in August and set its 52 week low of 11.02 in January. LUV dropped during the second half of 2007, but has shown signs of recovery this year. Southwest Airlines shares have been falling with other airline operators as crude oil prices soared above $126 a barrel on worries that a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member. Technical indicators for the stock are bullish and steady while S&P gives LUV a positive 4 STARS (out of 5) buy rating. If you're looking for a hedged play on this stock, consider a September bear-call credit spread above the $15 range. LUV stock could rise up to 16.6% before expiration and this position would still be profitable.

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