This is an ultra low-cost, low-fare airline based in Fort Lauderdale, Fla. that provides travel opportunities principally to and from South Florida, the Caribbean and Latin America. This stock is trading up 6.3% at $19.22 in recent trading.
Average Volume: 425,584
Volume % Change: 172% From a technical standpoint, SAVE recently triggered a major breakout trade once the stock took out some near-term overhead resistance at $17.48 with heavy volume. Market players should now wait for this stock to consolidate some of the recent gains since it's up from $13.90 to its current price of $19.22 in about a month. If SAVE can consolidate and continue to trend over $17.48, then I would keep looking for long-biased trades.