Southwest Airlines' shares could know a rebound in coming sessions.

From a fundamental viewpoint, analysts have recently revised sharply upward their EPS estimates. This situation could support a new bullish impulsion in coming sessions.

Technically, shares are testing the USD 42.6 short term support which already allowed several rebounds in previous sessions. Thus, a technical rebound on this support could allow shares to reach the USD 47 resistance again. Positively oriented moving averages both in daily and weekly data legitimize this scenario.

Due to fundamentals and technical patterns, active investors can open a long position in order to reach the short term resistance. A stop loss should be set under the current short term support.