The USD 33.85 support, currently tested, should allow Southwest Airlines Co to rally again.

In term of valuation, the company is becoming interesting as the P/E ratio is around 10 for the current year.

Southwest Airlines is oversold and near to USD 33.8. This situation gives credit to a potential technical rebound. Thus, the stock could find new energy and would rise towards the next USD 37.85 resistance.

The trading strategy can benefit from the proximity of the strong support currently tested in order to buy Southwest Airlines in a good timing. The potential gain is more than 10% to reach the USD 37.85 resistance. Investors might placed a stop loss order at USD 31.8 in order to avoid important losses.