Southwest Airlines (N:LUV) had a strong run higher from a base at $8 since the end of 2012. 'Bags fly free' apparently worked -- at least until it entered 2015 when the stock started a pullback. LUV retraced 38.2% of the move up and then started back higher. Last week it made it back to resistance again, but then started a small pullback.
With the move back up, this makes for a trigger in a cup-and-handle pattern. The target is shown at 61.25. But it gets better. Along the way, Southwest printed a Golden Cross, with the 50-day SMA crossing up through the 200-day SMA. There's also a AB=CD pattern that commits to a target of 70 on the trigger over 46.50.
Momentum is supportive with the RSI in the bullish zone, having reset and turned back higher. The MACD has pulled back a bit and a turn higher would also confirm the upside. Perhaps it's time to pack your portfolio and let LUV fly for the longer term.