Southwest Airlines Co LUV shares are flat on Friday near the $39.50 level. According to some commentary from MKM's analyst desk, the airline stock might make a good short before it falls to the $37 level.
The analysts are concerned about airliners and cruise ships following crude oil's rebound to end this week, adding that they're "on watch for some weakness out of the perceived beneficiaries [of low oil prices]."
While "some airlines are still strong" on Friday, Southwest is "showing weakness" in their eyes. MKM's short idea -- a range between $39.50 and $37 -- would be abandoned above $40.65.
Southwest is at $39.47 as of this writing.
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