• Return to Headlines

Spirit Airlines Rises 1.97% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Spirit Airlines (NYSE:SAVE) traded in a range yesterday that spanned from a low of $40.26 to a high of $40.92. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $40.87 on volume of 420,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Spirit Airlines on October 28th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.26. Since that recommendation, shares of Spirit Airlines have risen 3.9%. We continue to monitor SAVE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Spirit Airlines share prices have moved between a 52-week high of $64.76 and a 52-week low of $0.00 and are now trading -100% above that low price at $40.55 per share. The 200-day and 50-day moving averages have moved 0.44% lower and 0.34% higher over the past week, respectively.

Keywords: rebounders spirit airlines

Ticker(s): SAVE