Southwest Airlines Inc. (LUV) was highlighted by Jim Cramer in his opening Real Money column here on Wednesday. The airline was upgraded to a buy by a sell-side analyst on Tuesday and Cramer believes that LUV is the best-run airline "bar none," so let's check out the charts and indicators.
More from Stocks
While every recession is different, here's what could be in store for jobs, interest rates, the Fed and stocks.
This reminds me of 1999 to 2000, but the big lesson during that time was that the crazy uptrend can persist much longer than seems reasonable.
While we face some absolutely insane moves, we have to ask: Where are the sellers?
All the current indicators from trend to momentum to price action sit in a bullish position as the stock breaks above resistance.