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Bullish Moving Average Cross by Spirit Airlines (SAVE)

By David Diaz

Spirit Airlines (NYSE:SAVE) crossed over its 10-day moving average of $47.52 on a volume of 113K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Spirit Airlines share prices have been bracketed by a low of $34.36 and a high of $65.35 and are now at $48.92, 42% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Spirit Airlines on March 1st, 2019 by issuing a Downtrend alert when the shares were trading at $56.72. Since that call, shares of Spirit Airlines have fallen 16.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses spirit airlines

Ticker(s): SAVE