Southwest Airlines Rally Grounded

Southwest Airlines Co LUV shares are trading lower by $4.10 at $45.48 in Tuesday's session. After making a new all-time high ($51.34) and closing high ($49.74) on Monday, the issue was under pressure from the opening bell, opening at its high for the day ($47.60). The decline accelerated when the company announced November traffic and issued weaker fourth quarter guidance. The issue is attempting to find support at the $45.50 area, reaching $45.32. The current low coincides with its November 25 low ($45.41) and November 30 low ($45.40).