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Spirit Airlines Up on Heavy Volume in Possible Trend Reversal (SAVE)

By Shiri Gupta

Shares of Spirit Airlines are trading up 8.3% to $39.14 today on above average volume. About 1.6 million shares have been traded today, as compared to the 30-day average volume of 1.4 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend is tracking the current trend status for Spirit Airlines and will alert subscribers who have SAVE in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Spirit Airlines have traded between a low of $30.32 and a high of $53.84 and are now at $38.59, which is 27% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

Keywords: unusual volume spirit airlines

Ticker(s): SAVE