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ChristopherCarrollSmith
Dec 31, 2019 6:22 PM

Bullish call activity in Spirit Airlines Long

Spirit Airlines, Inc.NYSE

Description

Spirit Airlines (SAVE) is bouncing from 50 RSI today and getting unusually bullish call option activity. With a P/E under 8 and the earnings outlook starting to turn upward, the discount airline looks like a great value at the current price. If the earnings picture continues to improve, we ought to see $55 per share in 2020.
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