Long
Spirit Airlines | SAVE | Long at $2.80
I'll be the contrarian. Spirit Airlines $NYSE:SAVE has been beat to a pulp, but the company is still actively flying the high skies. While low-budget airlines have hit a rough patch as low-income consumers tighten their spending, the CFO recently was awarded almost $250k in options (a bullish sign). Plus, the next few years could be great for airlines as interest rates are lowered and travel increases as AI takes our jobs - what else is there to do with people's time and money?!
So, while a "risky play", it is resting along my lowest selected simple moving average which (usually) spirs a rally. This may not come until the interest rate lowering anouncement (short interest is high with this one), but the price at $2.80 is currently in my personal buy zone.
Target #1 = $4.00
Target #2 = $6.26
So, while a "risky play", it is resting along my lowest selected simple moving average which (usually) spirs a rally. This may not come until the interest rate lowering anouncement (short interest is high with this one), but the price at $2.80 is currently in my personal buy zone.
Target #1 = $4.00
Target #2 = $6.26
Trade fechado: stop atingido
Bankruptcy filings. Sold with loss.
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If you enjoy this idea, please follow for more: tradingview.com/u/WorthlessViews/
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.