LUV Trade on Jul 25, 2019 09:36 from Cklamb: Tradervue User Stock Trades.

LUV
Intraday fundamentals
08:10 AM EDT, 07/25/2019 (MT Newswires) -- Southwest Airlines Company (LUV) is down more than 5% in pre-bell trading after the company reported mixed results partly on the impact of the Boeing (BA) 737 MAX groundings.
The company posted Q2 earnings of $1.37 per share, up from $1.27 in the same period a year ago and ahead of the estimate of $1.35 from analysts polled by Capital IQ.
Total revenue of $5.91 billion was up from $5.74 billion in the same period a year ago, but missed the Street projection of $5.94 billion.
Southwest said its expects full-year 2019 available seat miles to decrease in the range of 1% to 2%, compared with the company's prior expectation of 5% growth. The company attributed the decrease to delays in returning the Boeing (BA) 737 MAX to service.
A $4.9 billion after-tax charge was reported last week for "potential concessions and other considerations to customers for disruptions related to the 737 MAX grounding," Southwest said in its earnings release.
"We have had preliminary discussions with Boeing regarding compensation for damages due to the MAX groundings," the company said. "We have not reached any conclusions regarding these matters, and no amounts from Boeing have been included in our second quarter results."
Southwest said a return to service for the airplane in the fourth quarter is dependent on Boeing's work with the Federal Aviation Administration, and any changes may result in schedule adjustments and reductions beyond Jan. 5, delays in aircraft deliveries and other financial effects.

Technicals
ADV 3.45 RVOL 1.38 BETA 1.5 ATR .98 Short 1.37% Inst Own. 85%
Daily

Hourly

Intraday

Trading Plan
Look for a flush at the opening to 52 currently S2 if it stays weak there hold on the decision to see if it can flush to S3 at 52 to 51.80
A break down below 51.80 consider a momentum short
As usual any test of VWAP with some consolidation
Reading the Tape
I cannot say that I saw anything on the tape that was definitive. I felt like the tape was heavy enough to take my position.
Trade Management

Notes:
This was well thought out before entry. I believe that if I would not have had som many small losers today that I would be even more proud of this trade because I would have recovered mentality with any positive trade after this.