Shares of Spirit Airlines (SAVE) are looking up.
SAVE bottomed in November. In December, prices stabilized above the 50-day moving average. In January, the slope of the 50-day average turned up and in February SAVE has been testing the 200-day average. The On-Balance-Volume (OBV) line has an upward slant to it and the Moving Average Convergence Divergence (MACD) oscillator is bullish. Add into the mix an upgrade by TheStreet Quant Ratings service to round out the picture.
In this longer-term chart of SAVE, above, we are poised to close above the 40-week moving average. The OBV line has been up the past two months confirming the strength of the price advance. The MACD oscillator is rising after a cover shorts crossover signal. Go long SAVE on a close above the 200-day moving average.