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Spirit

Spirit Airlines | SAVE | Long at $2.80I'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
SLong
by NicksAnalysis
1
The Unraveling Drama of Spirit Airlines' Blocked Merger with JetSpirit Airlines' ( NYSE:SAVE ) stock took a nosedive, plummeting up to 60% after a federal judge blocked its $3.8 billion acquisition by JetBlue Airways. The move was hailed as a victory for the Justice Department, which had filed a lawsuit against JetBlue on antitrust grounds, arguing that the proposed acquisition would eliminate popular discounted flight options and potentially drive up industry prices. The Court's Verdict: U.S. District Judge William G. Young delivered a decisive blow to the planned merger, stating that the consolidation of Spirit ( NYSE:SAVE ) and JetBlue would have adverse effects on consumer choice and competition within the airline industry. The ruling highlighted concerns that the merger could eliminate affordable flight options, disrupting the delicate balance that allows budget-conscious travelers access to low-cost airfares. Industry Ramifications: The $3.8 billion merger, had it proceeded, would have created the nation's fifth-largest airline, providing JetBlue with enhanced financial firepower to compete against industry giants like United, American, Delta, and Southwest. With these four airlines commanding a substantial 80% of the industry's ticket revenue, the blocked merger raises questions about the dynamics of competition and consolidation within the airline sector. Legal Battles and Future Options: Despite the setback, JetBlue and Spirit ( NYSE:SAVE ) retain the option to appeal the decision before the July expiration of their merger agreement. The companies expressed their disagreement with the ruling and are currently evaluating their next steps. The high stakes involved in this legal drama underscore the broader implications for the competitive landscape of the airline industry. Tangled Merger Web: Before the attempted merger with JetBlue, Spirit had initially announced plans to merge with Frontier Airlines in a $6.6 billion cash-and-stock deal. However, this deal was abandoned in July following an unsolicited offer from JetBlue to acquire Spirit at a higher valuation. The complex web of attempted mergers and acquisitions adds a layer of intrigue to the unfolding narrative of Spirit Airlines' future. Antitrust Landscape: The Justice Department's successful intervention in the Spirit-JetBlue merger follows a similar victory in preventing a partnership between JetBlue and American in the Northeast. The government's argument, that collaboration on flights in Boston and New York would drive up fares and diminish competition, suggests a broader and more aggressive approach to antitrust regulation under the Biden Administration. Conclusion: As the dust settles on the blocked merger between Spirit Airlines and JetBlue, the implications for the airline industry are profound. The ongoing legal battles, the complexities of the proposed mergers, and the Justice Department's proactive stance on antitrust issues paint a vivid picture of an industry in flux. The outcome will undoubtedly shape the future landscape of air travel in the United States, with significant consequences for both industry players and consumers alike.
SShort
by DEXWireNews
Spirit Airlines (NYSE: $SAVE) Ready For New All-Time Highs?! 💲Spirit Airlines, Inc. provides airline services. It serves 85 destinations in 16 countries in the United States, Latin America, and the Caribbean. As of December 31, 2021, the company had a fleet of 173 Airbus single-aisle aircraft. It sells tickets through its call centers and airport ticket counters, as well as online through spirit.com; and through various third parties, including online, traditional travel agents, and electronic global distribution systems. The company was formerly known as Clippert Trucking Company and changed its name to Spirit Airlines, Inc. in 1992. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida.
SLong
by Bullishcharts
SAVE ANALYSIS and simple way to read Charts for beginnersI see SAVE going back to 25 by Jan 2021 but if you're an option trader i suggest getting ITM calls for 2021 even 2022 if you want to add to long term portfolio. Shares is also good to add to your stock portfolio. Remember to keep in mind if airlines were to shutdown and vaccine trials see no further progress that would be a sign to get out, but recent news looks good for airlines in general and this is an easy money printer here! hopefully momentum can carry us back to the ATH within the next 2-5 years at 85$. Imagine getting a 16$ call exp 1/2022 now and SAVE is back up at $50 ....
S
by jUiCE_Trades
2
SAVE: Strong Fundamentals, Bullish Technicals 1W (Jun. 19)X Force Global Analysis: In this analysis, we take a look at Spirit Airlines, a company leading the ultra low-cost carrier business in the US. We explore the company's fundamentals, as well as its technicals to assess its bullish probabilities. Fundamental Analysis - Spirit Airlines (SAVE) has shown an extremely steady growth over the past years. - Their revenue and net profit showed a steady increase throughout time - However, as with most other airline companies, Spirit Airlines was also heavily hit by the Corona Virus (COVID-19) - As a result, they have underperformed in terms of quarterly eps, in Q1 2020 - Nonetheless, as the stock market continues to bounce strongly, and the effects of the virus begin to mitigate, we see signs of a continued bullish rally - With businesses slowly returning back to normal, given that Spirit Airlines' financials remain intact with the current upwards trend, we could anticipate higher returns this year, compared to last year. Technical Analysis - Technically, the stock is extremely oversold - It has broken through the historical support at $33.13, testing new lows - However, as it dropped so severely, it has dropped in a choppy manner, creating multiple gaps on multiple time frames - The easiest to spot and refer to are the gaps on the weekly: there are gaps at $10.74, $40.42, and $51.95 - Prices have been trading under the Ichimoku cloud, indicating a bearish trend, for over a year now - We have two significant resistance lines: the short and long term descending trend line resistances marked in a dotted red line - The Relative Strength Index (RSI) is forming lower highs, as prices are suppressed by an external factor - the Corona Virus (Covid-19) - However, the Moving Average Convergence DIvergence (MACD) has formed a golden cross, with immense bullish histograms, demonstrating momentum and strength in the bounce What We Believe Spirit Airlines is a rather unpopular stock, with surprisingly strong fundamentals and financials. Technicals demonstrate 3 main areas of resistance: at $33 levels where the short term descending trend line and historical resistance converge. as well as the upper span of the Ichimoku cloud. The second major resistance lies around $40-42, where the previous local high at the 0.618 FIbonacci retracement remains with the price gap. Lastly, there is strong resistance around $51-55 where the 0.786 Fibonacci retracement, and price gap lie, with the long term descending trend line resistance converging. Eyeing these three major areas of resistance will help investors enter positions based on confirmations provided by the trend reacting to these levels. Should we break the final resistance, it's highly probable that SAVE moves to retest all time high levels, and possibly even create new highs. Trade Safe.
SLong
by XForceGlobal
$SAVE growth since Last Prediction, Log Curve Should StablizeFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I think Spirit Airlines is a long hold in general but looks like it is soon about to dip given how long its bullish run was. I would take the nice profit and likely reinvest in the dip if that was the case, as the bubble can start getting broken. It peaked at 12% growth today before going down 7%, and resistance seems to be tightening up. If you want a higher profit turnover, I suggest not waiting until all your profits go down.
SShort
by gamer456148
$SAVE down 22% after earnings, long entry $43-46+Very short term trade, time 1-2 weeks. Closed my $50 Puts at $44, had a great earnings play betting to the downside. I'm going to use those profits to take a bit of a gamble and attempt to play the reversal. Objective: We're near multiple areas of support at $43, $42, $41, and the 1.168 Fib extension. I'm going long calls that have an August 16th expiration $45 strike. If this gets to $41 I'll buy the $42.5 strikes. 22% is overextended to the downside, and this company isn't going out of business anytime soon. I'm confident one of those will make a profit. Targeting $46-47. Subjective: I actually recently was looking at plane tickets (unrelated to this play) and Spirit Airlines has a new membership subscription program where you get perks with a $50 a year membership. Anything subscription based has been profitable across industries, airlines have all been screwing customers across the board (things that used to be free, you have to pay for/more now, because "F you what are you going to do about it"), and this company really loves to cut corners after dealing with their ticket buying system.
SLong
by teckno05
10
Bitcoin Daily Update (day 234)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My most recent Bitcoin Bubble Comparison - 3 Day Chart led to the following calls: < $5,750 by 11/15/2018 & my prediction for the bottom is $2,718 by 1/20/19 | | Calling for $35 ETH before the end of 2018. Previous analysis / position: “The current price is $6,408 and I expect that combination of support to provide a bounce to $6,428.” / Short USDT:USD from 0.968 Patterns: Descending triangle Horizontal support and resistance: S: $6,394 | R: $6,415 BTCUSDSHORTS: Testing bottom of triangle Funding Rates: Longs pay shorts 0.01% Short term trend (4 day MA): Bear Medium term trend (4 week MA): Bear Long term trend ( 32 Week): Bear Overall trend: All trends are in agreement, however short and medium are within a c hair of flipping Volume: Just noticed that you can draw a trendline on the volume moving average. The trendline broke in the middle of September and that could have indicated the upcoming low volume chop. FIB’s: 0.618 = $6,530 | 0.5 = $6,441 | 0.382 = $6,351 Candlestick analysis: Daily candles are as follows: shooting star, inverted dragonfly, hanging man. All indicate a reversal to the downside Ichimoku Cloud: Most of the clouds are in agreement and indicate a bear trend (1h - 1w) TD’ Sequential: Most time frame are flipping back and forth due to the chop. Weekly red 3 falls below red 2 at $6,132 Visible Range: Looking back to September 6th' (when this range started) point of control at $6,400 and two high volume nodes from $6,386 - $6,464 Price action: 24h: +0.005% | 2w: +4.01% | 1m: -4.47% Bollinger Bands: Daily has closed below MA for 14 straight days Trendline: 1h-4h charts are fitting into a bear trend and the top end is currently being challenged Daily Trend: Chop Fractals: Up: $6,792 | Down: $6,057 RSI: Stuck at 50 on most time frames Stochastic: Starting to diverge from 4h buy signal while 1h is pulling back from a sell. Interesting how 3d stoch is bouncing/diverging while price goes nowhere Summary: The price has fit into a trend (that can be seen on 1h and 4h charts) over the past 36 hours and the top end of that channel is currently being challenged. If this 4h candle closes above that trendline, which sits at $6,400, then I would expect a retest of the horizontal resistance at $6,445 - $6,464. If not then it should retest the bottom of the trend at $6,350. I’m not sure how much less interesting this price action can get and I am afraid to ask. The gods of volatility are frowning on us all. What do we need to offer as sacrifice? USDT, BCH, Ripple the Standard...take them all!!! Just please return the volatility that we have all become so addicted to. Both financially and emotionally. I’ve been to a fire ceremony, I have contributed poetry, I have danced for rain and still I wait. Waiting for the new higher high or lower low to spark the next wave of euphoria or despair. Until then I will continue sacrificing, dancing and soul searching. No amount of TA can save us while Bitcoin' is stuck in a range of < $50!!! I spent 2 hours with my spiritual guru/mentor this afternoon and she gifted me an essence that is meant for (among other things): being chronically tired from overwork and poor energy management. When lifestyle and work habits aren’t nourishing my physical body. Healing imprints of betrayal and bringing physical richness into our lives. It may feel like Bitcoin' is betraying us with the lack of volatility but the bottom line is that she does not owe us anything. While it remains dormant I will focus on awakening my spirit and harnessing my 6th' sense to predict what the indicators cannot!!!
BITMEX:BTCUSD.PShort
by Sawcruhteez