Republic Airways

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Republic Airways ( RJET) is an airline holding company that owns Chautauqua Airlines, Frontier Airlines, Republic Airlines and Shuttle America. This stock is trading up 15% at $5.22 in recent trading.

Today's Range: $5.11-$5.36

52-Week Range: $2.47-$6.87

Volume: 542,000

Three-Month Average Volume: 398,034

Shares of RJET are ripping today after the company raised its outlook for fourth-quarter guidance due to the strong performance of its Frontier Airlines service.

From a technical standpoint, RJET is gapping up big today and breaking out above some past overhead resistance at $4.78 on monster volume. Market players should continue to look for long biased trades in RJET as long as the stock closes above $4.78 today and near its daily highs.

If we get that action, then look for RJET to re-test its next significant overhead resistance levels at $5.69 to $6.50 in the near future.

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