Long Position on SAVE @ $57.50 on 12/31/2018 (Momentum)

Spirit Airlines, Inc. (SAVE) provides low-fare airline services.

The company operates approximately 450 daily flights to 60 destinations in the United States, the Caribbean, and Latin America.

As of December 31, 2017, the company had a fleet of 112 Airbus single-aisle aircraft comprising 31 A319s, 51 A320ceos, 5 A320neos, and 25 A321ceos.

It offers tickets through its call centers and airport ticket counters, as well as online through spirit.com; and through various third parties, including online, traditional travel agents, and electronic global distribution systems. 

Shares are heading higher, riding an upward trendline, and are sitting at their 50-day moving average. Higher share prices are expected for this stock.

Entry Point:  $57.50

Stop Loss: $54.50

Trading Range: $34.36 - $65.35

Target Price: $63.25

Updates

2/12/2019 9:49:07 AM

SAVE closed at $64.44

Position closed on 2/12/2019 at price of $64.44 with a 12.07% gain in 43 days.

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