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Spirit Airlines(SAVE) is an airline company that provides services principally throughout the domestic U.S., the Caribbean and Latin America. This stock is trading up 2.6% at $23.19 in recent trading.
Today's Volume: 535,000
Average Volume: 784,430
Volume % Change: 74%
From a technical perspective, SAVE is rising modestly higher today on decent volume. This move has now pushed SAVE into all-time-high territory. This means that just about everyone who has bought the stock is making money, and anyone who has bet against it losing money.
Traders should now look for long-biased trades if SAVE can manage to close near its daily highs. If we get that action, look for continued momentum buying in the near-term that could take the stock to $25 or higher.
To see more stocks rising on unusual volume, check out the
Stocks Rising On Unusual Volume portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.