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Spirit Airlines Bearish Moving Average Crossover Alert (SAVE)

By Nick Russo

Today, shares of Spirit Airlines (NYSE:SAVE) have fallen below their 10-day MA of $48.63 on a volume of 168K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Spirit Airlines has traded in a range of $32.33 to $49.63 and is now at $48.24, 49% above that low. The 200-day and 50-day moving averages have moved 0.25% higher and 1.53% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Spirit Airlines on July 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $40.45. Since that recommendation, shares of Spirit Airlines have risen 21.2%. We continue to monitor SAVE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses spirit airlines

Ticker(s): SAVE