đī¸ See the đ§ Southwest Airlines đŠī¸ Leader Breakout on 13th Oct 2016
đ Technical Analysis đ of the profitable đ¤ Early Bird Breakout đ in Southwest Airlines on 11th October 2016.
by Charles Adams
1) As It Happened: đ¤ Early-Bird Breakout đ in LUV on 11th October 2016
On 11th October 2016, Southwest Airlines (LUV) exhibited a leader breakouts from its two-month trading range while other stocks in the same sector - and the sector index itself - remained trapped within narrow trading ranges (see Fig.1). These are referred to as "Early Bird Breakouts" in our proprietary AssetCharts.com Sector Rotation Methodology.
2) đ Technical Analysis of the Chart đ
Observe how LUV broke out several days before the other stocks in the same sector.Note that as of 31st December 2016, the largest airline companies in the world ranked by market cap were:
- Delta Air Lines
- Southwest Airlines
- American Airlines