Spirit Airlines (SAVE) in Focus: Stock Jumps 5.3% – Tale of the Tape

February 11, 2015 Technicals 0

Zacks

Spirit Airlines, Inc. (SAVE) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $69.94 to $79.98 in the past one-month time frame.

The company has seen two positive revisions in the past one month, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for this transportation-airline stock. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Spirit Airlines carries a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.

Another favorably-placed stock in the same industry is Alaska Air Group, Inc. (ALK), sporting a Zacks Rank #1 (Strong Buy).

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